For PAL land 25p users - someone may find this useful.
Apparently so for DVCPro and DVCPro50 and 1080i/p. I'll test this out next week when I finally track down some P2 cards.
Not for 720p modes as yet. Someone said they'd spoken to an Avid spokesman and he said there would be an announcement at NAB. I'll test out Raylight on these modes with Avid, though there isn't an option to create a 720 25p project in Avid Express ProHD.