Requesting thoughts on Documentum, Sharepoint, and CMS with FrameMaker

My company is considering getting a CMS to be used with structured FrameMaker. We now have version 9 but willing to upgrade to version 10. I know that version 10 has the ability to connect to Documentum and Sharepoint.

I would like to know others' experiences with FrameMaker and a CMS...any CMS.

At the present, we work from shared drives, copying all imported illustrations (eps) by reference.

A few years ago I worked at a company that had Documentum. At that time, the writers had to check out all the illustrations and the Frame files to their desktops, copy the illustrations in by reference, make the PDF, and then check all back into Documentum. At the time, the rule was that one could not link to files within Documentum, only file on the desktop.

So, I am wondering if the above is still true. Moreover, how do others handle the need to link to illustration files that are in the CMS without (if at all) checking them all out. We create large manuals (200-300 pages) with many illustrations that are used in multiple manuals.

Any thoughts about Documentum, Sharepoint, or any other CMS is appreciated. I am not looking for dissertations on the subject, just indications whether it can be done and if not, how it is done.

Thanks in advance,

Van