shot with the 29th June build in 1728X972 with a Lexar 1000X 32gb Card and a Sandisk Extreme 600X 16gb Card. I could shoot continuous on the Lexar and got 310 - 340 frames on the Sandisk - long enough for a quick shot and I actually liked the limitation because it forces you to think fast.
Sound is H4N/sennheisser me66 + G3 and lav.
I really like the interface of Adobe Camera Raw in After Effects and the import is lighting fast. I resized to 1920X1080 and exported to Cineform .avis to edit in Premiere. Once the AE Comps were set up - 1 for each shot - it was easy to re-import the DNG's if I wanted to make an adjustment - then just export again.
As for storage, I can see it being an issue on larger projects - especially if there is the requirement of storing the raw files.
Question: should you save the DNGs and delete the .RAW files which come directly off the card? I don't see any point holding on to them once converted.
I tried converting directly to Cineform with Rawanizer and found the files just no fun to work with - ie. not like the easy intuitive ACR interface. I also felt like the Cineform files lost a whole lot of image depth in comparison to the DNG's - is that just my inability to use other AE tools for image editing?
Anyway, once the sharpness, highlights, shadows, contrast etc. are set I don't see any reason not to down-convert most footage to Cineform to edit and then to store as most of the major changes which would be effected by bit depth have already been done. Of course on a commercial project it would be important to save your raw data for a while.
Anyway, I don't see myself shooting much in the future which isn't raw.
Now I want a mark iii BUT I have to say another huge thank you to the ML crew for making my 5d mark ii into a much, much more powerful tool.