Yes, I´ve tried it in my PS2IS, but getting some good results, out of the raw´s, was no walk in the park.
Ron, if I remeber correctly, it started with a russian guy (can´t remeber his name), who goes under the DP nick "GrAnd".
He reverse enginered the firmware in a PS620, and started to try and add features he thought was missing, and posted it on DPrewiev. It turned out that the FW, in all PS-cameras that has Digic 2, was fairly similar, so it soon was availlable for almost all PS cameras with Digic 2.
It works by having the hack on a SD-card, and temporarily replacing the inbuilt FW. Load it and you have the hack, don´t load it, and you have the original FW. Can´t go wrong, really
A short roun down of features (straight from the wiki):
Save images in RAW format
Ability to run "Scripts" to automate the camera
Live histogram (RGB, blended, luminance and for each RGB channel)
Zebra mode (blinking highlights and shadows to show over/under exposed areas)
An "always on" full range Battery indicator
Ability to turn off automatic dark-frame subtraction
A higher compression movie mode, and double the maximum video file size
Exposure times as long as 65 seconds
Exposure times as little as 1/10,000 of a second
Ability to use the USB port for a remote trigger input
A depth-of-field (DOF)-calculator
File browser
Text reader
Calendar
Some fun tools and games
Wiki-link:
CHDK