Got my MKII yesterday (thanks Amigakit!), tested it this morning with my Benq G2222HDL monitor
The native PAL screenmode for workbench and games is working well. I get the whole picture on screen and I don't think it is distorted, it's just not quite centered (it appears a little to the right). Screenshots below:
HighGFX mode looks perfect:
HD720 mode refuses to load, which is odd as it worked fine on my MKI.
The only other thing I have noticed is that on the Workbench I get a one pixel thick vertical line down the left hand side, this appears in both screenmodes.
This is all with direct DVI connection which I must say looks ultra sharp. I am very pleased overall and can't wait for the config tool. Great job Jens!