Just wondering. If my school has final cut pro 7, Will I have to update anything or download plugins to get the footage to show up and edit it? I will not be able to download software on my schools computer.
First, congrats on the cam. Second, the camera should work fine with FCP7 with no additions, just remember to use "log and transfer" when importing. Good luck.
The transcoding will take place during 'Log and Transfer', though you will need to choose the codec. I use regular ProRes. Note that there are still bugs with Log and Transfer, so FCP 7 updates will be useful. You'll also need a lot of drive space, be prepared.