It will be all quads Dave. If you bevel with two segments it would be like manually putting a support edge on either side of the original edges with a little smoothing to boot.
The nice thing here is you don't really need to smooth afterwards and you get a very nice edges. But if you have to smooth it will work out as well and if you subd the 5-sided ngons of the main faces will be transformed into all quads.
Here is a quick video to demonstrate and you can see the corners are nicely quadrangulated....
https://youtu.be/kK3UT3eTPtg
PS - I did notice the main faces are indeed dreaded ngons (5 sides) but if you convert to subd the catmull-clark algorithm will convert them all to quads.
"If I have seen further it is by standing on the shoulders of giants." Sir Isaac Newton, 1675
Last edited by ctbram; 06-01-2012 at 01:24 AM.