Don't buy that BS. The files may be 16 bits, but that's just interpolation from the 12-bit AD converters. In fact, no MDFB amplifier/AD chain comes even close to the signal quality of D3/D3s/D3x or the Canon counterparts. In fact, pixel for pixel even the P65+ is worse than my lowly "toycam" - the Nikon D40. The only thing that the P65+ has got in its favour here is a base ISO of just over 40, an almost 6x higher sensor area, and a massive amount of pixels. Measured for pixel quality and colour accuracy it's quite a lot worse than even the worst entry-level DSLR today. It just beats this by piling on area and pixels. The best MDFB in existence isn't in the least hindered or kept down by a 12-bit converison readout.