Their design goal is to make it full zoom through. As I understand it will have a separate focusable anamorphic element, which means you'll have to focus twice with it, but should be able to get acceptably sharp images at all points on the zoom range. I don't quite understand exactly what they're planning or how it'd work, but apparently the lens will use a similar design to the newly-introduced $1500 lens for the XL1s and PD-150, so if you read up about those, the new DVX one should be the same type of thing.
Just got off the phone with Century Optics. When I inquired about the adapter for the DVX100, the salesman told me that they had one that shattered during polishing and he was unsure of when they will have one available in the future. Bummer
Don't hold your breath for the Century Optics lens. They were supposed to release an equivalent for the DSR Sony series last November and they have delayed the release several times because it's still not working properly.
I know, because that's what they actually told me when I called them...