Attached Link: http://www.enmeshed.com/shadermagic/

I use only P5 these days, and for the most part, DAZ's products can be made to work. It just takes some effort. The MAT poses all have to be fixed. Many of the hair textures don't render correctly in P5, and must be tweaked in Photoshop. Conforming clothes can be a problem. In some cases, it's frustrating that they don't use dynamic cloth, or at least include dynamic cloth versions of their products. But I've only returned a product once for lack of P5 compatibility. (It was a MAT writing utility that could not handle the Material Room.)

If you want to experiment with DAZ characters, I recommend starting at the above link. It explains why the DAZ MAT files don't work correctly with P5, and how to fix them. It also includes free P5 MAT files for the V3 high res textures which you can download. (The link to MAT Pose Writer is broken, but you can find it by going to Netherworks' site and looking around.)