Changing the serial worked for me too, thats the only way to get around this glitch. Basically once you change your serial to the right one, it unlocks the hidden presets. If you dont see the others like they said before, this is the problem. You'll only see like DV and DVCPROHD presets and other old presets but nothing new. In 5.5 there IS a built in RED preset, if you dont see it, that means you have this same problem. Just try different serial until it works. I tried 3 until I finally got it to show up.
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