So, for the time being you could use this as a workaround, Andrey (if you're scripting this): checkout to a temp directory (or even aramdisk if it's not too big), and run the propget on that; then deletethe checkout.
I can not afford to check out everything in the temp, it would be slower than just a plain propget, because one-slow-propget + many-fast-propgets is faster in average than checkout-everything-instead-of-propget-everything. So for the script it is not a solution until the "depth directories" command line option would be implemented which is not.

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