From the first I heard of RAW it was my plan to shoot that way. Obviously it's going to take some time for the NLE's to support this feature, but once there I think RAW will become the standard. Now a few things I've wondered about is white balance, will the temp be in the metadata even if shooting RAW. It's hard to tell outdoors on a sunny day just how blue you are. Secondly will there be an SDK kit or some way that redcine could become a plugin for NLE's and finally, I know the red team has said there is no keyframe capability in redcine or red code, but I hope they'll consider that in a future or pro version.
This is how I envisioned the work flow, Shoot RAW, keep it as a digital master. Output the lowest res, 720p version with some standard LUT applied, cut, evaluate and plan custom tweaking of the LUT to achieve the desired look. Apply the new LUT and EDL and output at 720p to evaluate. If happy output at final resolutin, add graphics, composites, vfx etc.