Things to consider:
5d Mark 2 H264 is 30Mbs, what is the G1hd avchd bit rate?
As for the DOF, no worries. I own a panasonic L1 with the bundled leica 2.8, and DOF wise its very close to bigger sensor cameras. I also bought the 1.4 summilux 25mm and DOF is equivalent to a 50 1.4 Nikkor. Also, these 2 lens are excelent lens- up to Leica standard. Anyone interested I can post a couple of stills with these two lenses...
More about the FOV, not so much the DOF but I get what you're saying. Should be pretty interesting, yeah?
Please post stills. I've no experience with these cameras.