I think we are very fortunate to have someone as knowledgeable as Erik on here that has given incredible tips on shooting video and would like to see a permanent link to his posts on this subject.
But I also have to go back to the basics of shooting photos and videos and believe that is still very much subjective. And by that I mean that for a great majority of the public, they will see something shot in full auto at 1080/60 and say that it is incredible. But show that to a pro videographer or post production expert and it may turn their stomach.
I believe that what you shoot will depend on how it is needed and where it will be seen. And that will determine how much time you want to spend in post and how much you want to invest in the computer horse power to get there. For people that ask 'what resolution/fps should I shoot in?' I would advise to read Erik's posts, then go out and shoot video! Take a couple of batteries, shoot in each resolution/fps combo for 5min apiece, then take them home to your existing computer equipment and play with each one to see what end result you are both capable and that is acceptable to you visually. There is no set answer that will work for everyone.
Or; @
erikgraham will tell me that I am full of sh*t, at which point I will accept that and humbly back away!