Today RED did not announce the modular camera they patented, but they did introduce a new smartphone (see patent here). Not a regular smartphone - the Hydrogen One is a $1,200 smartphone with a... holographic display (holographic display: "display that utilizes light diffraction to create a virtual three-dimensional image of an object, holographic displays are unique from other forms of 3D imaging in that they do not require the aid of any special glasses or external equipment for a viewer to see the image").
Additional information on the RED Hydrogen One:
The full press release is available here.