I haven't done the math for 720p, but regular old ProRes 422 for 1080i averages around 145 Mbps. With overhead and stuff, figure something on the order of one and a half to two times the storage and bandwidth of DVCPRO HD for 1080i. The 720p numbers will probably be on the same scale.
I use a little tool called Bitrate Pro to calculate storage and such. It's free.