Steve, here are three photos I found.
I don't have any of cutting drywall, but it wouldn't be that interesting anyway because there is no dust and it would make for a boring picture.
Like many things, successful use of the RZ depends on proper technique and bit selection.
It's been a good money maker for the business because our trade subs (sparky, plumber, HVAC) don't want to deal with the cutting, so I do all the layout and one of the guys uses the RZ and the CT/Midi and maintain a super clean site. We've even done the cutting in the same room with valuable musical instruments, electronics, antiques, etc. Customers are thrilled, and once they see how clean things can be, they sometimes order up more work that previously they had been putting off because of fear of the dust and mess.
The Floor Bit at this link is $40 at Lowes and Home Despair, and it care is taken not to overheat it, the bit will last for quite a few cuts even in hard porcelain. I'm talking about making holes for plumbing fixtures, shaping curves, etc. This is not a substitute for a tile saw and snap cutter.
http://www.rotozip.com/en-us/Pages/CategoryDetail.aspx?pid=9_8
The photo which shows Eddy cutting a line in the plaster is an extreme case of the use of the RZ, but decent dust control was still maintained. It was good enough that we didn't have to wear a mask, but I do remember that the larger sand grains didn't completely get hoovered up and some were pelting my face while I took the picture. That plaster was on the order of 1 1/4" thick, and it was a really hard cement plaster.
The other two photos show when we used the RZ with the $40 bit to clean up in the corners after we made cuts with grinders and the tile saw.
With the proper bit, the RZ works OK in plywood. Sometimes I have to cut a circle or something similar in the subfloor and I've forgotten to load the jigsaw or the Fein. The RZ is OK for this kind of work, but certainly not on a production basis.