That's not true. It also appears in 720p footage I've seen. But it's not as imminent as in 1080p footage though.There is no mud in 720p
As for the comparison:
The 5D features 35mbps AVC, that's really hard to beat. It will always look better than the GH1 AVCHD footage. But the 5D is also a grand more (without lens I guess). And the 5D only shoots at 30fps which is a total showstopper for PAL-users.