Oh...you DID start a new thread...heh
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www.kenstone.net]
That is the offline/online workflow. I tend not to use it, for the Media manager...prior to 5.1...was very unstable. But many people have used it with success.
Basically you need to recapture the footage (or reconnect to the footage) at that higher resolution, then output. But...you will most likely need a capture card for this...and definately need high speed drives....like a SATA Raid (4+ drives srtiped together).
What is your final format going to be? What tape type? If you don't have this equipment, I suggest going to a post facility or individual with the proper equipment for output. Like Plastercity, The DR. Group, DigitalFilm Tree or Lightning Dubs.
If you unfamiliar with what to do, then you need to fine someone who knows what they are doing to help you.