Just ran across this and thought it was interesting. The potential is there, if they can get it working it would be quite a jump for video guys, and fun for those of us that shoot our home videos on our cameras.
Magic Lantern have uncovered a DNG output in live view on the 5D Mark II and 5D Mark III. At the moment it doesn’t record video but it is expected to be capable of 24fps. The Live View Raw Buffer on the 5D Mark II allows for a 2040 x 1428 DNG stream, and the team are researching the same feature on the 5D Mark III
Apparently they have a raw histogram working as well:
In related news Magic Lantern say they have raw histograms working, giving a much truer sense of when highlights and shadows clip on the camera’s sensor.
Raw histogram! Wooot!