This recent DVX discussion seems to suggest that the 4:4:4 you get are not the same as real acquired 4:4:4. You get more info per pixel but not any new color information. The Hues that you get in 10bit from initial will not be there, you will only reduce artifacts and noise which is better but not true 10bit.
DVX Discussion on 4k 4:2:0 to 1080p 4:4:4
Until we get footage from the GH4 and we process it this way to clear banding and do green screen work, we will probably never know for sure because the codec implementation could be the deciding factor here.