No, CineWave RT cannot process DV in real-time. That's not a realtime feature or effect.
I've not gotten word yet on what features OS X will be adding, if any. As you know, with CineWave having the most RT features of any uncompressed system out there, it will take the longest to get ready for X. They basically have to re-invent the code.
Walter Biscardi
Final Cut Pro / CineWave Forum Host
d'Arte media creations /
http://www.dartemedia.com