for editing events (aka weddings, birthdays, etc), I think it is inefficient (for speed processes).
What could be more efficient than a batch process that you start, go out and have a beer, come back in a few hours and find everything almost done?
www.magiclantern.fm/forum/index.php?topic=7022(well, still have to automate photo selection, white balance, rotation, cropping, maybe denoising, but at least I get the colors right out of the box for 80% of pics, mixed normal and dual iso files)
(I had an attempt to automate rotation with the built-in electronic level - partial success, the implementation was only good as proof of concept, was imprecise and crashing often)
Lossless DNG: interesting idea (some sort of a raw pre-cooker). This could include many other things like FPN correction, deflicker (via the soft-film curve), highlight recovery, bad pixel fix, raw operations like average/median/max and so on.
BTW, you can hack the cr2hdr source to accept regular cr2's (just trick it into believing it's a dual ISO file, let it accept ISO 100/100, enter some valid line configuration, like 0,1,1,0, and optionally skip all the processing and jump to output).