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We too have been struggling with this, yes the audio can be delayed, or as we have done is transmicomtekfrom the embedded audio, but pulling focus or operating remote head is out of the question.

Once I've rendered a DNxHD should I be able to look at it in QT? When I try that I get mostly noise.

There is now a checkbox labeled MAX in the resolution settings.
What is this new item for?

On most recent RED shoot we kept getting a record fault fairly often. This is a brand new camera and it happened with both of the Hard drives, which are both new.

Is this a drive issue? Do we need...

Mark Roberts the maker of the Milo and other Motion control rigs has used the Red and so have we with out Ultihead/Modula system also from Mark Roberts.
According to them Red initially was going to...

When off loading to external drives if we go in eSata and out the firewire since it would be using different buses it would WAY faster than trying to put them all on the same firewire port.
...

When will we see a Red Drive Esata cable to attach to standard Esata on computer?

Seems to me this is the way to off load the drive at full speed.