FCP 5 and QT PRO

Well, I'm a happy man! Final Cut Studio just arrived today. So long FCP 3...Right now I'm close to finishing a project and I want to complete it on FCP 3 before installing FCP 5. however, I made the mistake of upgrading to QT 7, so my QT Pro key doesn't work that came with FCP 3 (QT 5 Pro Version). Now I really need QT Pro. Is the QT PRO 7 key included with the software. I can't find it. With FCP 3 there was a separate serial number for QT PRO. Is it possible to install QT 7 PRO but not Final Cut 5?
The reason for all this is I downloaded an MPEG move from the Internet I want to incorporate in this montage. From the finder there is sound, but when I import it into FCP 3, there is no sound. I was hoping to import it and then export it as a QT file in FCP, as I cannot do it directly from QT without the Pro version.
Any suggestions are greatly appreciated, as the deadline is fast approaching.
Thanks,
Curtis

Okay thanks everyone.
FYI, I went ahead and installed FCP 5. Yes QT Pro was activated. I opened up FCP 5. I saved the project file as a copy and flushed the render queue. I can still run both versions using the original Proj. File with v3 and the copy with v5. No problems. THough, I think I'll do a reinstall of the OS this weekend and just instal FCP 5 because I've heard that is the best way to optimize your drive and I can do without the clutter....

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    http://www.robinsonhope.com/downloads/makeup_animationtest.zip
    Here is a link to view screenshots before and after to show you what rendering does to the graphics.
    http://www.robinsonhope.com/downloads/makeup_ss.jpg
    In case you'd like to try and find a solution, please download the link to the HD animation half-second clip and output to h264 or any other web friendly codec that would show these red graphics clean and not blurry and pixelated. Other rule is after doing the math, a 9 minute video with the compression you choose would need to be under 2gb. This shouldn't be too much of a problem because even a 1280x720 h264 at max quality for a 9min video is still under 2gb.
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    Welcome to this forum,
    Sorry to hear you so struggling with this issue.
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    The title of this thread is:
    Graphics render bug in FCP 6 and 7 - Dare to prove me wrong?
    I'll prove you are wrong. Or actually you've already proved yourself wrong in your post:
    -Ran the shot and graphic through after effects and premiere pro separately (different video programs) to see if final cut pro was causing the problem, same problem with those programs.
    Seams that I try to annoy you, but I'm not. It's not a joke. The fact that other applications can't handle it as well AND the fact that Animation Codec (Which is pretty lostless) does not have this problem, tells you that the problem is likely the low compression you want OR the footage itself. And I dare say it's BOTH.
    I downloaded your testfile and have opened it in FCP and I can see in the Vectorscope that your color Red is too hot.
    [Click here|http://i843.photobucket.com/albums/zz356/rienkL/Screenshot2010-04-02at1324 20.png] to see the vectorscope of your picture?
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    Red, Magenta, Blue, Cyan, Green, Yellow. The signal of your picture should stay somewhere between those boxes. You should read [this article|http://www.larryjordan.biz/articles/lj_scopes.html] (two third on the page) about the vectorscope. Also has a picture with the range to be broadcast safe.
    So back to your picture and your vectorscope. You'll see that just along the right side of the R in the vectorscope there's a peak which goes way out of the range. And that's exactly the color of your graphic.
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    And I'm not claiming that your problem will be solved when you adjust this. It is still possible that h264 just doesn't like red too much. Maybe that's on purpose. Our eyes are most less sensitive to red, so that gives the compressor some extra room to compress in the reds (Don't know if this is what compression developers do; just thinking out loud, just an idea...)
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    The fact that you are editing H.264, and trying to export H.264, might also lead to the footage being more off that it would if you edited ProREs 422, and exported H.264.  Note...H.264 is a higher data rate codec, and easier for FCP to work with...but because it has a higher data rate, the file sizes are much higher than the original H.264.  5-6x larger.  FCP 7 did have a way to import Canon 5D, 7D and T2i (needed a hack with the T2i) via Log and Transfer.  But it doesn't work with the T3i...not even with that hack. Because FCP 7 was no longer updated after the T3i came out. It's 4 year old software, discontinued 2 years ago.
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