Mann employed both Sony CineVista and modified Thomson Grass Valley Viper FilmStream digital cameras. The tape-using Sony system was fairly agile, but the Viper had to be connected by thick cables to a separate hard drive, onto which it recorded directly.
--U-Press Telegram's City of angles
They go on to quote Mann saying that a conventionally-shot Collateral would've been "a boring movie. Literally boring. We would have had a bunch of defocused blobs and a couple of faces, and everything would have been dark." I don't know about boring, but it certainly wouldn't have been as impressive.
Note: spoilers follow...
Oh, and just to close the loop on the questions I posed earlier, I clearly heard the lead FBI agent say, "FBI on your left" as he approached Lim's bodyguard this time. Unfortunately, I still don't understand how Vincent (Tom Cruise) didn't even scratch Max (Jamie Foxx) on the Metro.