Hi Snook,
last week I tried a P45+ on a Hasselblad V and a bit ago a H2D. The P45+ files where wonderful. I'm tempted very much into MF too.
But when I look what I get for the money, I'm a bit scared. In my experience you have to work a bit more/harder on the 1DsMkII files. But what you can achieve is great. And to have a 2nd 1DsMk II as a backup body gives me a good feeling. A 2nd MF back ...
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I would love to be able to produce 20x24 size prints from a 1d or 1ds and I would not mind paying for the best glass. There are many benefits to that platform. I personally have not seen any thing that look like a really good file from a Phase Back - I must admit my experience is limited.
I got my hands on some test files from a P25+ and P45 and I was shocked at the detail. The conclusion I have come to is the MF glass is just way better, the files from a MF backs are a little better to much better depending on who you listen to. All of which must add up to a better print at any size. Dropping 15K-25k is a hard pill to swallow, especially in an emerging technology. A P45 will probably be good for nothing more than a bookend in 6 years. That being said, I will probably buy one in the next week or two once I find the right deal.