Is the 50p and 60p used only for slowmotion? or can 50p or 60p be used as 60i is used? as in a pure Video look? and not the infamous "film look".

50/60p is not just for slowmotion, at all... the fact that it's showing you 60 ''pictures'' a second, just like 60i, gives you that flowing video look, as well. Keep in mind that when you are using it for a 50 % slowmotion, what you get is either 24, 25 or 30 frames per second, giving you that ''film look''.

Is the 50p and 60p used only for slowmotion?
No. 720p/50 (along with 1080i/25) is the standard HD broadcast format in the UK and many other countries.

or can 50p or 60p be used as 60i is used? as in a pure Video look? and not the infamous "film look".

No. They are two different things. One is progressive the other interlaced. They do the same thing, display images on a screen, but in a different way. One is bacon the other is cheese.

Liam.

Thanks guys, I thought as much but some guy posted that in another forum I think it was The Canopus Forum.... he said it was only used for slo-mo, so i just had to ask.... but is there an NLE that can edit the 720p60 video stream?

FCP does it as AIC without TC. Otherwise one needs a Decklink or Kona.