Thanks a lot for your work on this tool! Easing the raw workflow is really one of the most important areas for unleashing the potential of magiclantern.
I'm really on thin ice here, so forgive me if I'm thinking wrong. But my dream for this workflow would be to directly convert MLV into (compressed) CDNG (as @Nautilus mentioned). Reducing the file size, including audio elegantly, and having native file support within premiere would be insane! (and from what Adobe are blogging, they continiously work an enhancing the CDNG support/BlackMagic camera support).
I would gladly donate for such tool, but I also understand this might be impossible..
+1 on the compressed cinema dng... you guys should talk to Shutter Angle here--->
http://www.shutterangle.com/2014/lossless-compression-for-dng-raw-video-dngstrip/Lossless CDNGs at 1/2 the file size!! UNITE!!
Thanks again for all the work involved. You rock MLV Mystic!