On the 5D3 it slows down the speed of the mirror downward action (I dont think it slows down the upward action, although I havent tested it) and the fps drops also but it is pretty near damn silent, navigating through the menus also gives a mirror up option, normally used as I am sure you know for longer exposures so you can get the mirror up and out of the way to dampen any vibration before hitting the shutter release. Be a lot nicer if you didnt have to negotiate the menus, my film camera has a simple lever on the side of the body, then again it isnt waterproof!