FCP 7-Intensity Shuttle Thunderbolt, Mini-DV to ProRes 422 capture??

I just purchased a Blackmagic Intensity Thunderbolt, and it looks like that since I am working with DV 720x480 that ProRes 422 would be the best codec to capture with.

I am used to capturing DV files in FInal Cut Pro, I have never worked with ProRes 422 before, so here is what I need to know:

1-What do I choose when creating a new Final Cut Pro 7 Project?

2-How does working with ProRes 422 change my workflow?

3-Do I need to do anything different with this codec vs DV?

4-I will be using DVD as my delivery, is there anything else I need to know or do because I will be using ProRes?

5-How does this effect export to Quicktime out of Final Cut Pro 7, will there be any issues with quality?

As I am about to dive directly into a project, your timely reply is greatly appreciated.

Kindest Regards,

Sebastian