There's a great shortcut (especially if you don't have the Master Key) from Firelink Shrine to Valley of Drakes which looks like it just might be survivable:
The video is by someone who often shows off stuff in developer mode, and might therefore not be survivable. Is it in fact possible to survive it somehow?
(I would check myself, but I have only a single character which just finished the first playthrough, so I'm hoping for independent confirmation.)
Best Answer
This fall is not survivable, normally.
Fall Control does not let you fall further. It only eliminates the damage if it is a survivable fall source.
However, there is a Fall Control Exploit that can let you survive any fall. So I guess technically it is survivable, but you're using a glitch.
You're not suppose to survive the fall like the linked video.