What the heck is Continuous Recording? I thought that maybe it's just markers on the timeline but reading the following article it seems more complicated?

Canon Announces Firmware Updates for Cinema EOS, Camcorders (http://www.dvinfo.net/news/canon-announces-firmware-updates-for-cinema-eos-camcorders.html)

That's directly from the press release, and I've updated your link to the official DVi URL for it.

The text from the paragraph on Continuous Recording is as follows:

Designed for the capture of crucial, unpredictable scenes during wedding/event, documentary, news, or wildlife filming, the Continuous Recording Function firmware update for the EOS C100 Digital Video Camera enables videographers to insert metadata markers identifying crucial scenes and moments in their footage while continuously recording to the memory capacity. These markers – for both “in” and “out” points – can be set with the press of a button without interrupting the recording process. These markers are identified in metadata as separate “shots,” and are simultaneously recorded to both SD card slots of the EOS C100 camera.

Additional text follows from the Canon USA page at http://usa.canon.com/cusa/professional/standard_display/cinema-firmware-c100

Directly compatible with Grass Valley’s EDIUS® Pro 7 editing software, Continuous Recording lets you record an entire event without missing any significant moments during corporate presentations and weddings, for example. The same image files and companion metadata are recorded to the EOS C100’s pair of media cards, with sequences between each IN and OUT point being tagged as a chosen shot.

EDIUS Pro 7 handles real-time editing of these continuous AVCHD-format files while on location from SD media and simultaneous backup using a laptop. Multiple image resolutions, together with unlimited audio, video, graphics and title tracks, EDIUS is an ideal finishing solution for videographers shooting corporate, documentary and theatrical productions. The non-linear editor also supports EDL project import/export and color-correction interchange with DaVinci Resolve™.

And here's the chart from Canon USA... click to see it bigger.

Chris I read that but what does it all mean? The diagram over complicates the explanation & doesn't help much. It is my understanding that it simply inserts markers for your editing software or does if only import the sections marked in/out?

It puts markers in the AVCHD recorded output. If your NLE supports them, you can access those segments of the recording quickly. It would be most useful if available via the camera's remote.

Data Import Utility Ver.1 - Download (English) | PIXELA CORPORATION (http://www.pixela.co.jp/oem/canon/e/dataimportutility/en_download.html#v201)

NEW DATA IMPORT UILITY

Thanks Docea! Not seeing a MAC version though :(

Indeed it does!
I got to test this new feature at WPPI in Vegas last week and it looks like it may be one of those hidden gems.

Use the menu to activate Continuous Recording and recording begins. Press Start/Stop to mark clip In/Out.
Import into Edius and the clips are already snipped AND extendable.
Fantastic time saver.
With the new remote this will be a hit.

I'll update my C100 this week!

Thanks Docea! Not seeing a MAC version though :(

FWIW, the Atomos Ninja Blade does a very similar thing (mark ins and outs with the favourite - or reject - button) with an 'export to FCPX' function. Furthermore, you can do the mark-up post-record too.