Honestly, a1ex, I do not know any reason not to just use the intervalometer and silent pics, I shot a little test just now to make sure it really was that simple and sure enough it seemed to be. I do think that I was given a limit on the number of frames, and if they are considerably less than those available with this module, that could be a reason. As it is, the straight DNGs from silent pics are missing the white stripe and are one less post-pro step from greatness! Thanks for the suggestion.
~JoshuOne
I just tested silent pics again today and from what I can tell, it doesn't keep up with the interval I set it to (1s). It may work for longer intervals, but it seems more like 2-3s between each picture from my quick test. This is strange because RAW video has no issues whatsoever doing 1fps video, apart from the 4GB limit, which you can just use the auto restart video feature (In timelapse, it doesn't matter if you miss a few seconds of frames, because depending on your interval, you may lose just 1 or 2 frames, which is not a big deal).
Honestly speaking, converting RAW to DNG doesn't take that long, so if we have this change implemented, I think we can do away with silent pics altogether. Last I checked, silent pics with intervalometer don't generate the post-deflicker XMP or UFRAW files anyway, so I don't see them being more useful than RAW video with this small change.
Also, after a quick test, I did not see the white stripe at the bottom that you described. I'm using the 60D though, so it could be different.
I think this would be most useful if Auto ETTR could work while recording too. I could not get it to work while recording; Auto ETTR only sets the exposure before recording despite setting it to always on (or am I doing something wrong?). It can work manually if you put it to set and press set while recording, but that's dumb because you'll have to repeatedly press set while recording, which is not an option for time lapse videos.