The RED HYDROGEN has been a bit of an enigma since it was first announced. What's been clear all the time, though, is that this is no OEMed smartphone wearing a RED badge: it's about as far from that mundane scenario as you can get. In reality, the RED HYDROGEN is a first product in what is likely to be a range of media-focused smartphone devices, all of which have a high degree of modularity, and hence expandability.
But even the basic phone has a camera system that is beginning to look like it is way better than even Apple's best efforts. That's even without taking into account the "holographic" talents of the device.
Here's a video made by Michael that looks at the Hydrogen's built-in camera in detail.