I just got my first Red footage in for editing. Most of the clips look very soft. The crew shot in native 2k, which as I understand it, only uses half of the sensor.
The camera had a teleprompter in front of it.
My work flow in FCP7 is to load the footage through Log & Transfer in Native mode so I have access to the raw file files for color grading in color. The link is a still pulled from Quicktime-wrapped Red file.