Hmm... I prefer the Canon one over the Magic Lantern one.
Give it a real try and you will NOT say that.
It depends what you mean by a real try... On a typical day I might shoot 150 clips. Processing each one of those using the current methods for getting raw video out the 5dm3 would be 1) a massive pain in the ass 2) so time consuming that it isn't worthwhile for anyone actually making professional work.
At the moment it's amazing for hobbyists (or other people for whom time doesn't equal money) - but unusable for anyone who makes videos for a living.
How much time do you currently spend, on footage from you shoots in post? I'm talking total time from editing, to color correction to color grading....sound...etc?
Just curious, I mean, for most people it isnt' like they shoot, and BAM, have a finished product out the door in 1-2 hours later.
I usually take a good bit of time auditioning takes, sync'ing or dubbing sound, layering on effects, titles...hell, just figuring out the music for things takes time, etc.
I'm guessing when the ML guys get this stuff ready for the general public (remember, it ain't even release to the general public as alpha yet really), I'm guessing they'll have the tools to prep it for whatever entry into the usual workflow worked out pretty straightforward.
Sure, you're gonna need a bit of horsepower to do the early processing of that RAW footage, but you need that with any camera that is currently outputting RAW video...so, I shan't think its gonna be as much of a PITA as you seem to be describing it when this stuff from the ML boys is ready for prime time.
And for some of us, it isn't just turning and burning for the sake of getting something out the door. If it is another hour or so to get super high quality footage with an incredible amount of dynamic range allowing for major color correction/grading in post...then it is definitely worth it.
Quality over Quantity.....it strikes again what balance you are gonnna go for.