So how much video can I acquire on a 32 GB CF card shooting 50mbs @ 1080 using an XF series Camera? (Sorry for the terminology, it's my weak point when it comes down to it.) Thanks for your help.

If anyone knows the answer for each data rate, could you post those as well?

There is a chart on the Canons Website for the XF300/305

http://www.usa.canon.com/consumer/controller?act=ModelInfoAct&fcategoryid=175&modelid=20322#ModelFeaturesAct

You just need to click "Record to easily accessible and affordable Compact Flash Cards" and scroll to the bottom of the page.

80 minutes