I don't think it can make it brighter. Live-view is done with the aperture wide open. All DoF Preview can do is close down the aperture, making the image darker.
The great thing about Live View in the 50D and 5D2 is that when you press the DoF preview, the camera compensates and brightens the view--making the DoF button truly useable for the first time in the history of photography.
If you've got Exposure Simulation turned on, Live View is going to look too dark or too bright until you set your exposure properly. This should not be surprising--that's what Exposure Simulation is supposed to do. I haven't tested yet to see how accurate it is--I just use it as a warning beacon at this point.
If you're shooting with studio electronic flash, you want to turn Exposure Simulation off, because except with Canon flashes, Live View doesn't know there's going to be added light at the moment of exposure.