To several posters here, this sounds great, but the devil is in the details.
For one,. I'm not seeing this format or compression method mentioned in any of the pro video zines or journals I see, or on forums like Creative Cow or Adobe. There are so many codecs at this point that most of the post production houses I've dealt with are throwing up their hands and saying, as we all know, that there are way too many codecs, and most of them have problems.
And some of the software you follow with great hopes eventually gets some reviews that suggest it might be good for news editing but not much else.
So, I'm not sure this is real yet. As for 50pct compression without loss of quality, I don't believe it. At that degree of compression , you've got to be losing something... and you discover also that certain codecs work in certain software, but not others. If you ask an editor what format he wants, he is always going to say he wants the format his software supports, which may or not be easily transcoded to or from what you've been using. The idea of editing in natrive 4K in real time is also a nice idea, but I don't necessarily want to pipe liquid sodium as a coolant into my spare bedroom that I use for editing. Forgive slight exaggeration that I couldn't resist ;).
I can also imagine editing software being developed without any editor input or thorough overview of industry requirements, because Apple has already done that several times. These "improvements", if not right, can break workflows and wreck ongoing projects, and, as I note, they have done so.
Horror sories of burned out graphic cards with certain software continue on promnent forums for a year and a half, and no one has fessed up to the problem. And, what's the new codec good for... shooting, editing,.compsiting, outputting to what flavor of, say, mp4, etc?
All of which is to say that this not coming tomorrow, and I don't know whether I'm happy to hear about yet another possibility even if it were true.