differences;
speed/image
video is interlaced. NTSC is 60 fields per second (half-frames interlaced every other vertical line). film is approx. 24 frames per second with a 180 degree shutter (1/48th). you can convert 60i to 24p in shake.
gamma
as mentioned above, there is a different gamma curve to film. film is 'softer' as far as the gamma. you can mimic this lok with 'lookup'.
color
film carries the spectrum of color on 3 layers (RGB). Video is (generally) converted to YUV space, and compressed to 4:1:1 or 4:2:2. This means that color information is less detailed than luma. you can blur the UV (see DV keying tutorials), and there is a plugin becoming available shortly for this in Shake,,, which is not a chroma blur...
noise
film is softer than video as far as detail as well. one way to achieve this in shake is to blur the footage (approx. 8 pix for NTSC), then apply a mix operator, and mix the blur with the original... around 50%. also, video is noisy and it's 'grain' character is more harsh and has more variance in size. i would recommend denoising the video, then adding a small amount of (softer) film grain.
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