The Canon 5D Mark II records HD video as compressed H.264 at a video bit rate of about 40Mbps. The audio is pcm 16bit at 1411kbps (that is CD quality audio).
However, when attempting to edit footage in any NLE, especially if you need to be able to scrub the time line you won't have a good experience. Mind you, if your computer hardware specs are really good (I mean really good), you may not have any issue, but for those whose hardware specs are (just) good enough for HD video editing, you'll need to uncompress the video your Canon 5D Mark II produces.
There are many ways in which you can uncompress your footage. This tutorial is about using Adobe Premiere Pro CS3/CS4 to do this.
Source File
I started out with a source file (straight from the camera) that had the following specs:
1. File Size: 166MB
2. Duration: 34 seconds
3. Video bit rate: 39612kbps (~40Mbps)
4. Audio bit rate: 1411kbps
Here are the steps (Uncompressed AVI):
- Create a new project with using the HDV1080p 30 preset. You could use any appropriate preset really. For example you could use the XDCAM EX 1080p 30 preset as well.
- Import the original .mov file into the project
- Place it on the Sequence 01 timeline.
- With your Sequence 01 selected, use the File menu and choose Export - Movie. Make sure you select Export - Movie and not Adobe Media Encoder or any other option.
- In the dialog presented, click on the "Settings..." button. You will then be presented with another dialog window.
From this point make sure you choose the options shown in the images below. I've shown to basic options. Uncompressing to AVI and uncompressing to MOV.
Make sure you select, check, uncheck (as the case may be) all options as shown in the images below. A few things have changed in each screen (not just one setting).
Uncompressing to AVI
The process took 2:11 on my machine for a 34 second source clip.
The uncompressed avi file (steps below) has the following specs:
1. File Size: 3.93GB
2. Video bit rate: 994363kbps (~994Mbps)
3. Audio bit rate: 1411kbps

Figure 1
Figure 2
Figure 3
Figure 4
Uncompress to MOV
Follow the same steps as those for AVI (above). The only difference is in the setting you choose when presented with the dialog that show up after clicking on the "Settings..." button.
Instead of the settings shown in Figures 1 & 2 above, choose the settings shown in Figures 5 & 6 below. and then choose the same settings as shown in Figures 3 & 4 above.
The process took 2:20 on my machine for a 34 second source clip.
The uncompressed mov file (steps below) has the following specs:
1. File Size: 3.93GB
2. Video bit rate: 993376kbps (~993Mbps)
3. Audio bit rate: 1410kbps
Figure 5
Figure 6
You'll notice that in Figure 6 above we selected Uncompressed YUV 8bit 4:2:2, you can also choose the 10bit option. the specs of the file size thus are as follows:
1. File Size: 5.2GB
2. Video bit rate: 313921kbps (~314Mbps)
3. Audio bit rate: 1410kbps
So the file size is much larger than the 8bit version but the video bit rate is way less. I'm not sure why. either ways, I'd personally use the 8 bit version as I don't believe the source is 10bit so there is nothing to gain by using 10bit.
Other Formats
You can choose other formats that are uncompressed as well. The Figure 7 below shows you the other options available. Of those, the Targa and TIFF formats are uncompressed as well.
Figure 7