With the upgrade it will be 240 continuous.
With the FS5 + upgrades, you have a greater flexibility of shooting styles, from super slimmed down and discrete, to fully kitted-out RAW beauty.
With the FS7, you don't have quite the same versatility, but the baseline IQ in any shooting configuration is going to be higher.
I've personally been greatly enjoying using the FS5 in all kinds of situations and look forward to getting the upgrade paired with a Shogun Flame.
Hey Andrew,
I also picked up your book and wanted to thank you for all of the resources here as well as your original GH2 book...
Whist I don't post very much, I am on this blog almost daily.
Keep up the great work!