4K Firmware Hack for Canon EOS Cameras coming

A Firmware Hack for Canon EOS Cameras will be released on January 1st 2011 which will enable the 800 USD camera to record up to 4K video with up to 175 Mb per second.

Update: January 1st, 11:12pm - It was a just an unimaginative hoax:

Update: January 1st, 12:15am
Earz62801 uploaded another Teaser on YouTube. Less than 4 hours to go for the promised YouTube samples, which will be uploaded by user Dod3032. Another 11 hours to wait for the promised release of the firmware hack.

YouTube user Earz62801 today reported that he will release a firmware hack for some Canon DSLR cameras on January 1st 2011. The 4k Firmware Hack will enable users to shoot video in 2k, 3k and even 4k resolution with bitrates up to 175 Mb/s. The announcement contributed to a controversy. Some declare the hack to be a hoax because it sounds too good to be true. We will see on Saturday. Earz62801 made a 2 hour long Q&A session on uStream. Below are all the facts Earz62801 revelead about the soon to be released firmware. An audio recording of the Q&A session can be downloaded here:

Update:
Download audio from the Q&A Session (mp3, 91 MB, 2 hours 28 minutes)

All known facts:

• will be released on January 1st 2011 11:11pm EST
• First two releases will be free. Later releases will cost around 50 USD.
• 4K resolution will be 4096x2304
• 60p in 1080p mode possible
• LiveView doesn't work while recording
• 1080p with 175Mb/s Bitrate looks gorgeous
• Color-Space 4:2:2
• Moire and aliasing "fixed"
• 5D Mark II support will be released on January 11, 2011
• Recording time in 4K is only 6 seconds. Maybe 10 seconds in future release
• Writing 6 Seconds of 4K footage to card takes about 30 seconds.
• No playback in-camera
• 25p is NOT going to happen. Probably never.
• Heating was a problem until 6 days ago. But not anymore.
• Has built in limiter so you won't brick your camera
• Battery will be sucked up pretty fast.
• Will NOT record in 16:9 (coming in future release)
• Will be first released for T2i (550D) and will later come to 7D, 5D Mark II. No Word on 60D yet.
• Monthly updated planned on each months 1st
• "Rolling Shutter isn't much of an issue"
• No drop frames
• Youtube User Dod3032 will get the firmare one day early and will put up videos on youtube on 2011-01-01
• Sourcecode will also be released
• HDMI Out will still work
• Works only with fast Class10 cards
• Working cards are: Sandisk Extreme III class 10 8gb and above. Transcend class 10 16gb and above and Lexar Pro class 10 32gb.
• 7D Security is a pain in butt because of firmware counter. So no support yet.
• Not T1i (they don't have one)
• Development took about 2 month in total
• Special Website will be up soon