Source: Jim Jannard Original post on REDuser.net

"EPIC-X will ship in the following order‹ Stage 2, Stage 3, Stage 3.5, Stage 4. We will not begin to ship the next stage until the orders from the previous stage have been completed. If you would like to place an order for an EPIC and cannot wait, please check out the EPIC-M currently available in the store. EPIC STAGE CLARIFICATION Original post on REDuser.net

STAGE 2: Keep your RED ONE and get EPIC-X Stage 2 package (RESERVATIONS CLOSED - Now Shipping)

Owners of cameras were eligible if invoiced by RED or if they had completed the official RED ownership transfer process on or before October 29, 2009.

STAGE 3: Trade-in your RED ONE and get EPIC-X Stage 3 package (NEW RED ONE ELIGIBILITY CLOSED)

Cameras only eligible if invoiced by RED or having completed the official RED ownership transfer process on or before October 29, 2009. Trade-in your RED ONE and serial number is executed. "Executed" means not eligible for any other trade-in offers/credits. Cameras with voided warranties are not eligible for ANY trade-in offers/credits. Cost is $28,000 less $17,500 to trade-in your RED ONE. Net price of $10,500 - Details as we get closer.

STAGE 3.5: Trade-in your RED ONE and get EPIC S35 Brain (NEW RED ONE ELIGIBILITY CLOSED)

Cameras only eligible if invoiced by RED or having completed the official RED ownership transfer process after October 29, 2009 but ON OR BEFORE May 22, 2010. Trade-in your RED ONE and serial number is executed. "Executed" means not eligible for any other trade-in offers/credits. Cameras with voided warranties are not eligible for ANY trade-in offers/credits. Cost is $28,000 less $17,500 to trade-in your RED ONE. Net price of $10,500 - Details as we get closer.

STAGE 4: Purchase EPIC S35 Brain

Available to RED ONE camera owners that were invoiced by RED or completed the official RED ownership transfer process after May 22, 2010 ( as well as all non-RED ONE owners) Cost is $28,000 for 1x S35 MYSTERIUM-X brain with PL mount. Will begin shipping once all Stage 3.5 orders have been notified they are ready for delivery. You must take delivery within 30 days from notification that your order is ready for delivery. Notifications go back to the order of date/time order placed."