I am getting something similar to William.
I tried out RAW video on my 5d MK2. Running Nightly 2014AUG02.
The setup was .5 frame a second 1728x972.
What I see is the first frame repeated after each new frame.
So if we have a picture of the letter A as the fist image captured the sequence when viewed looking at the dng files would be Letter A, New Image, Letter A, next image etc etc.
I have used both RAW2DNG and MLVMysticV05Beta to convert the RAW file to DNG. I then view the DNG files with MIRawViwer.
Although I have not tried as this is time laps it looks as if I could just delete alternate DNG files and get a viewable video.
I have gone through the sequence of reseting the boot flag, reseting the camera using the Canon menu, formatting the card, reinstalling the Nightly then reinstalling ML.
Have not tried going back to an older nightly yet.
Any ideas?
Thanks,
Ian L