I have always been thinking why something like this can't be done. Why do we have to put in a relay + 35mm adapter+ lens? Any explanation why this simple setup with the Adaptimax being not as good as B4 relay ($6,000) + 35mm Ultimate adapter ($4,500) + lens setup? I don't have an Ex3 so it won't matter to me but I just like to know the workings of it.
With a 35mm adapter you will infact transform your 1/2" sensor to a say "full" inch sensor. A "full" inch sensor results in better control of DoF.
The object is projected on a 35mm groundglass and the relay lens or stock lens is projecting this image on your camera sensor.
To eliminate the structure(texture) of the groundglass, which will be vissible under normal circumstances, the groundglass is brought in an spinning or vibrating state.