I just shot an event video on a 5d Mkiii and a 7d, both shooting raw, all footage processed in Da Vinci. The 5d stuff looked flawless. As sharp as the C100, but with better color, and no compression issues.
The 7d stuff on the other hand, had purple fringes on all the highlights, and totally unusable aliasing and moire on most horizontal lines. Short of a VAF filter or a stable implementation of the crop, I don't think I'd try to shoot this way again.
That being said, I still do prefer the look of the raw images to the h.264. The work being done here is incredible.