Hi,
I'm using oracle 9i and oracle 10g on aix 5.2/5.3 and I have configured my filesystems to use concurrent io.
I have very good performance and I highly recommend it!!
I've read some where some oracle/ibm benchmarks and they state that cio performance are very similar to raw device.
I don't know if this is really true, but for sure performance are good.
Hope this helps.
Bye