I was testing this this morning, it shoots to a RAW file that has to be run through another tool they wrote. Currently the one they have for the Mac is not 64bit so it can't convert RAW files over about 1 gig, which happens very fast, I can only get shot clips, I believe the windows version does not have that limitation. The ML mod will only record up to 4 Gig files so that limitation is currently back too. It saves out a series of DNG files which can be edited in LR, it does not respect any camera setting like color temperature, so it all needs to be set afterwards, it also does not save any exif data. I have 1000x CF cards and still had some dropped frames at 1920x1080, so recording 4k at 24 FPS seems not possible unless something changes. It did allow me to really dig out some data in the blacks. Rolling shutter artifacts were pretty bad too, but that was to be expected. All in all the ML developers are amazing.