Oddly enough we too launched our sx230HS into space:
http://maxphotoblog.com/wall.aspx/View/max/occupy%20spaceI'll try to make the blog post with full descriptions later today.
On the CHDK side. I, being on a time constraint used the script above. 45s intervals.
Findings:
-The screen still turns on for 1 second after every photo even when review is off.
-Couldn't seem to get rid of photo beep... no matter it proved helpful when it was inserted and taped in.
-Lasted about 2 hours with GPS turned ON

my only regret as the balloon did go higher.
-Set it to Landscape mode and manual focused to infinity, This worked swimmingly.
Questions:
?Does anyone know of any external power sources for this camera (for our next launch)
?Has anyone been able to get it working for longer periods than two hours
The fact that this camera logs GPS position is extremely useful. If you click download on the photo you can view the metadata and get the height in meters.