It's now like 650D vs 50D for the basic RAW HD video DSLR camera - faster CF (133Mb/s) and larger buffer size may outweigh the CPU difference, also I've read somewhere here that 650D controller tops near the 40Mb\s - that will limit maxres under 720p.
5D mark II will hopefully settle at stable 24/1080p so we could conclude that DIGIC 4 is enough for RAW HD video = good news for 50D.))