I performed several tests with the lossless FRSP and have good and bad news.
Good news:
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1) Files are 17 to 22 MB of size which is a substantial size reduction compared to uncompressed files (31.1 MHz/DNG)
2) Intervalometer works great with lossless FRSPs
3) Lossless DNGs open directly in Adobe Camera RAW just by dragging and dropping onto the Photoshop icon from Explorer. What a pleasant surprise!
4) Image quality is stunning!
5) Preview after shot is taken - very convenient for checking exposure and composition.
Bad news:
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6) No matter what I did, I was unable to shoot at shutter speeds higher than 1/4 s. This makes usage limited to low light situations or necessitates the usage of high-quality ND filters (expensive and may degrade quality, especially at longer focal lengths). Tripod is a must! The old FRSP method - the one with the gradient, would allow shutter speeds up to about 1/25 s. and worked well handheld, especially with stabilized lenses.
7) No preview in Explorer - thumb nails are black squares.

Forgot to mention one more bad news about lossless FRSP dngs. This mode sucks the battery juice like hell !!! I didn't make detailed measurements but when I play around with video the battery lasts much longer.
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Questions to the developers:
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I. Is it possible to achieve short exposure times (high shutter speeds) with the silent mode to make stopping action and handheld shots possible?
II. Is it possible to pack intervalometer shot lossless DNG sequences in MLVL containers to alow easy MLV_dump conversion and avoid manual sorting of thousands of separate DNG files by their numbers? This would be very usefull for timelapse work.