E-M5 owners, are you happy with the video?

I fully realize that video is of secondary or zero importance to most E-M5 users, but I would appreciate user comments. I have found the video on all Panasonics to be totally usable, good IS, good focus, etc. The only Olympus I've tried the video on was an older model Pen. It was a fine stills camera but the video was terrible.

I'm not asking about creating cinema masterpieces, just usable videos taken without adjustment from still settings. What do you get if you just press the video button? Has Olympus solved the jello effect and the focus hunting problem of earlier models?

Why am I interested? Well, it looks like the Panasonic GH3 is a long way down the road and I want a top of the line m43 by September. I will likely buy the E-M5 even if the video is not "good" but I'd like to factor that in before I buy,.....and not get an unpleasant surprise. The E-M5 looks like a fantastic camera and I'm sure I'll enjoy it.

I should add that I just read the excellent review of the camera on DP Review. Although they were not very complimentary about the video, I'd like to hear what users think.