I filmed this short test with my FS700 and my Gemini 4:4:4 (50p Full HD recording xdcam-user.com/2012/06/uncompressed-slow-mo/) in a rainy morning.
My-Log is not a real log, it emulates it to get the best dynamic range from the camera.
There's no color grading in the first part of the video and you can see a little bit of noise expecially in the super slow motion images, but as you can see in the second part, you can easily remove it.
Convergent Design guys are working hard, attempting to get the necessary information from Sony to support the 12 bit RAW from the FS700. Great news!

Recorder: Convergent Design Gemini
Lenses: Nikon 80-200 mm 1:2.8 (new)
Nikon 14-24mm 1:2.8
Camera: Sony NEX-FS700
Camera support: O'Connor
Editing: Premiere Pro CS 6 + Matrox MXO2
Grading: MBL + Colorista II

BLACK LEVEL: +15
GAMMA: CINE4
BLACK GAMMA RANGE: Middle or HIGH
BLACK GAMMA LEVEL: -+6 or +7
KNEE POINT: 105%
KNEE SLOPE: -1
COLOR MODE TYPE: CINEMA
COLOR MODE LEVEL: +8
COLOR LEVEL: -7
COLOR PHASE: 0
COLOR DEPTH: (+1, -1, 0, -1, +2, 0)
DETAIL: -5

ENJOY AND THANKS FOR WATCHING!

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