Pre-arrest probable cause in the current judicial system is a joke.
Search warrant requests rarely get denied, often the approving Judge isn't even capable of understanding the probable cause argument in the warrant (particularly in cases involving technology)
They rely solely on the sworn statement of the police office 'your affiant' and a rubber-stamp from the local State Attorney's office.
There is little incentive for the judge to deny the warrant, and, could face significant backlash if they do deny a warrant that may have enabled law enforcement to stop something from happening.
LEO would simply draft a warrant 'Your affiant has been in law enforcement for 25 years and has taken this training class and that training class and has this certification. Your affiant knows from his training and experience that a crime happened or likely happened at this date and time. Your affiant requests all video for the time period of 7 days from cameras 1472 - 1499 which cover a 2000ft section of Rodeo Dr.'
The warrant gets rubber-stamp approved, and, even if they don't find what they were looking for, they can single out anything of which the 'incriminating nature is readily apparent' that they observe, and go after that. And that 'incriminating nature is readily apparent' bar is pretty low and generally subjective based on the officer, or 'a reasonable person'.
How well has this 'dragnet surveillance' worked out in the FISA court? A system like this would be ripe for abuse. And what about securing it? So far our government has a pretty crappy track record for securing even info that is classified and top secret. How secure would this dragnet video surveillance be?