The following is just a short clip of the JVC Everio (GZ-HD7 model) being used in conjunction with a homemade depth of field adapter. As you can see, there is a shallower depth of field than would typically be expected from three 1/5" chips.
The footage is a pretty rudimentary test, and as you can see, while somewhat filmlike, the footage does also have a bit of a 1970s porn or home-movie feel to it as well. This would actually make this combination of tools quite useful if you are going for either of these looks (your reasons are your own!) with an example being an insert for a film like 8 MM or the opening credits of The Wonder Years.
But for higher-end requirements or the bulk of a narrative piece, this may or may not be to your liking.