Point in fact, I loved the use of dual camcorders, one color and one B&W, in Blair Witch Project. It was very appropriate for that film. (I loved it when people complained that the DVD wasn't in widescreen.

"Seventies/Eighties Lucas being a filmmaking pioneer = good.
Modern Lucas being a filmmaking pioneer = bad. "
Well, he did champion the use of NLE's, which make our current projects sooooo much easier to do.