Hi,
I finally jumped my OLYMPUS C4040 and it seems that it works. I've just made one jump and I only made ten shots (4 during the exit and the other 6 during the rest of the free fall). It wasn't because of the camera, I'm not used to the tongue switch.
I never jumped with a camera before, so I got nothing to compare with, but the shooting speed seems good to me.
About the shutter, what I made (actually it wasn't me) was connecting three wires from the camera shutter to the video out plug.
Now the video out is disabled and I plug the remote in the vout plug.
I'll let you know when I gain more experience but everybody in my drop zone was pleased with the results (including myself of course).
Digital Skies, Fede