Does the camera have either of these features built in? I hear alot about needing external timing devices ect to do it, but was curious if they have finally started implementing it into the camera itself.

No. You need a remote timer like the Canon TC-80N3.

Hi Nathan,

Hope all is well. Looks like we will have some fun weather tonight.

I am in the same position with the 7d and time laps. Here is a thread which discusses this.

http://www.dvinfo.net/forum/canon-eos-7d-hd/469329-timelapse-after-effects.html