OK, finally got a chance to use my 40D and the new S&S MDX-40D housing. Overall, a big thumbs up to this housing and the 40D. Was shooting primarily with a Canon 60mm macro and Tokina 10-17mm FE. The AF with the 60mm (already a fast AF lens) was just amazingly quick and accurate. Coming from a 400D, I am loving the larger 40D viewfinder for macro. Live View as expected wasn't very useful except for wide angle shots from awkward positions where I couldn't use the viewfinder. I was shooting mostly with highlight priority on and at 2oo ISO. Although I didn't do any thorough comparisons with this feature on and off, it did appeared to help on some of the blown highlights.
Housing performed well. I only had a few niggles:
1) The on/off button sticks out a little too much from the rear. Depending on how large of a 2nd stage you use, you might find it prevents you from putting your mask right on the viewfinder (Oceanic Shadow low volume/ frameless mask and Apex XTX200 reg). Just need to tilt your head a bit.
2) In real use, the aperture command dial was just a tad bit too far back to control with my thumb while keeping the right hand on the handle. For those with larger hands, might not be a problem.
3) Shutter speed dial. It would have been nice if S&S was able to set up a higher gear ratio on this dial. The gears are engage well, but the way the angled gears are setup you really need to spin it a couple times to register a change in shutter speed. As the shutter button is very close to this dial, it can cause a minor annoyance when you want to quickly change your shutter speed.
Buoyancy - with a 60mm macro lens, compact macro port set, single 8" Inon arms per side with Stix floats, & Fisheye LED, it was a tad bid negative than I preferred and my right wrist was getting pretty sore from back to back 60+ min dives. With double 8" arms on each side with the Stix floats, buoyancy is better but required the arms to be tilted back else the housing had a tendency to nose up.
And, here are a few shots from Anilao, Philippines (processed in CS3)



Rest of the set can be found on my flickr.com page here.