This video shows the various states when using a Canon 550d and the Lilliput HDMI external monitor in conjunction with Magic Lantern firmware, build:
magiclantern-2011Feb07.550d.fw109.NoAudioMon.lotsofstuff.alex

All in All, the Lilliput monitor is a great addition to the 550d, i can not live with out it now.

Filmed with my Iphone in a rush.

Issues worth mentioning:

3 Second delay between pressing record and seeing the picture on the monitor (*not a ML Problem, the picture is actually displayed 2 seconds faster when using ML!, maybe a fix is possible from ML?).

16:9 picture is stretched whilst recording (*not a ML Problem, the image is also stretched when using the Canon firmware, maybe a fix is possible from ML?).

Various bitmap artifacts are left on the screen after recording when using ML crop marks etc (half shutter clears this until the next time a recording is finished, maybe a bug fix is possible from ML).

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