Yes to all of your questions. I'm still running the same CineWave board I started with two years ago with CineWave 1.0. That's one of the absolutely beautiful things that Pinnacle has done, we simply update the board with software. Enjoy!
Walter Biscardi, Jr.
Owner/Creative Director, d'Arte media creations & Southern Sky Creative
http://www.southernskycreative.com
DP 1.25 / 1.75G RAM / OS 10.2.6 / QT 6.2 / FCP 4.0 / CineWave 4.0 / Pro D&A BOB