I don't use any FD lens, but I do use a PB and an m42 mount lens, everything is fine, obviously you're stuck to your manual aperture control + focus, and limited to your M, Av & Tv modes , and naturally your viewfinder & screen darken when you stop down. And your EXIF data will show f00 (or at least mine do, I think). Also when entering movie mode, you'll get a warning pop up, telling you that to get best results you need to attach a lens... you have to press the 'record' button once to let the camera know that a lens is attached, but all is then normal.
I love my PB lens, it's my everyday/most situation lens. And as much as I love it, and how great it is, sometimes I'd like to just have an AF lens (but that's because I have bad eyesight in both eyes, so focusing is tricky for me [everything is blurry to me], and it's even trickier to focus with a dark viewfinder). And so, the other half is getting me the canon 50 1.4 for my birthday in May.
Even when I have it though, Ill still use the PB one, perhaps when I feel the safety of the 50 1.4 to be compromised