Hi,
yes, what you have there is RAW data in the video - the exact data that comes from the colour sensor of the camera (which measures red, green and blue light on different pixels).
The advantage of this is that the video is 3x smaller and the data has not been processed at all, so you can use different processing techniques after capture if you want without any processing 'baked into' the saved file.
The disadvantage is that the file looks mono with a grid pattern until you recover the colour using a process called 'debayering'. There is a discussion and guide on this here :
viewtopic.php?t=254
cheers,
Robin