YES. It's a Point and Shoot. How are people supposed to take a professional videographer seriously with a point and shoot video camera?
Put it on a GIMBAL (What's a Gimbal?). You MUST have a gimbal if you buy this camera. When you have just a point and shoot alone... you'll get made fun of, and truthfully the quality won't be as good. But the minute that camera is on a gimbal, pro video respect goes through the roof.
In summary, set this camera on a gimbal, and everything you used to hate about creating videos (i.e. setting up tripods, getting perfect focus, making your camera level, changing lenses) ... GONE.
This is the secret sauce that makes the SONY RX100 come alive.
If you think you're fine without getting a Gimbal, PLEASE reconsider. I've been doing videos since before the word "Gimbal" was even in the dictionary, and video with a Gimbal is easier, more professional, and about 4 times faster than video without a Gimbal.
Don't believe me? Maybe THIS GUY can convince you.