I have been perusing the freshly posted English manuals (search for DMC-GH2) and have come accross some interesting information regarding the Variable Movie Mode (VMM).
According to the manual, VMM can be set to record at 0.8x speed. It should be noted that base (1x) frame-rate in VMM appears to be 30p (even on European models). Because AVCHD format used in VMM is 24p this means it should be possible to speed up footage by 20% in post to arrive back at "native" 1080/30p footage with 24*1.2= 28.8 Mbps equivalent bitrate. The same approach is used on AF100, but base frame rate there is 60p. While obviously lacking the extra capabilities afforded by Big Brother's faster frame rate mode, GH2's overcranked 1080/30p mode could be an interesting alternative to Cinematic Mode for some specific applications, like web-distributed footage or even TV-style content, where a "film" aesthetic is not necessary, because 30p can be easily converted to broadcast format 1080/60i.
According to the manual, VMM can be set to record at 0.8x speed. It should be noted that base (1x) frame-rate in VMM appears to be 30p (even on European models). Because AVCHD format used in VMM is 24p this means it should be possible to speed up footage by 20% in post to arrive back at "native" 1080/30p footage with 24*1.2= 28.8 Mbps equivalent bitrate. The same approach is used on AF100, but base frame rate there is 60p. While obviously lacking the extra capabilities afforded by Big Brother's faster frame rate mode, GH2's overcranked 1080/30p mode could be an interesting alternative to Cinematic Mode for some specific applications, like web-distributed footage or even TV-style content, where a "film" aesthetic is not necessary, because 30p can be easily converted to broadcast format 1080/60i.