Petapixel is reporting that Canon has a Pro Event on November 3rd, 2011 in Hollywood.
It is my bet that Canon is releasing a video camera based on their DSLR technology, and I bet they will release one that works with Canon S or at least EF lenses and one that is a PL mount. They usually take longer when it comes to releasing their video cameras, but they are always top of the line, and a true video camera Canon lenses would be awesome, and would give the new Sony and Panasonic cameras a run for their money, especially being able to use existing lenses.