imho if you re spot on with your recordings (and kind of s- or c-log inside the body), 8bit/channel are fine. guys like andrew reid (eoshd, sony a7s) say, its raw-quality without coping with the converting-thing. me as well, i still use the simple h.264 output from 5diii, because of the simple workflow. quite one year of work is done on ml-raw, mlvfs is an approach getting faster workflow without losing the benefits and time.
so, my oppinion. if you've got a canon with magiclantern, go on. if you re thinking about spending money, wait or look on other bodies, yes.