Earlier quoted context omitted.
I imagine it won't be as fast? The cool thing about Bitcask is that all of the keys are in memory - I imagine that would also be beneficial with secondary indexes now supported... LevelDB seems mostly well suited for data that becomes (in terms of key size and number of keys) bigger than your RAM...
I think it will be a welcome change for anyone who runs a decent sized Riak deployment. We are currently adding machines simply to increase available RAM in the cluster.
I'd be very curious to know a bit about the character of your data, the size of your cluster, etc. (I've only run test clusters at this point, so hearing from someone doing production work would be informative.)