Rewind,
Back off a bit.
Reviewing skippy b/w playback isn't what the guy is talking about, and I agree with him. It's the reason why ML is a hack while the Blackmagic Cinema Camera or the RED are official production-ready products.
The truth is that there are substantial compromises that need to be made when deciding to use ML raw, and while some of these compromises might be solved (such as the lack of audio recording), some of them might simply not be possible (like smooth 24p color playback of recorded footage).
There are a couple of solutions, one available right now, and one on the horizon.
1. Get yourself an Atomos Ninja, record video on it at the same time as raw, and use it as a playback device.
2. Wait until a certain popular Mac conversion app gains the ability to playback raw files (in color at 24p). This involves actually taking the CF card out of the camera, and plugging it into a nearby laptop, but at least no conversion is needed and playback is instantaneous.