Does CS5 recognize the proper white and black levels of 5D and 7D footage or is that something you would still benefit from using cineform to convert your footage first?
If I edit in the native MOV format will I be limited to the 4:2:0 color space or can I edit in the MOV format and apply my color correction and then export in an 4:2:2 or 4:4:4 format so that my colors don't break up as much?
This is the most important question !!!!