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I2S Data rate

Hi there!
I have a project using the eZdsp5515.
 
Goal: connect the external 16-Bit ADC chip with Frame-Sync protocol via I2S bus to digitize signals (sampling rate 50 MHz).
In this way: PLL freq = 120 MHz, I2S port is configured in Slave Mode, DMA is used to transfer, I2S_FS = 50 MHz,  I2S_CLK = 50 MHz * 8 = 400 MHz (16-Bit Serialization).
 
 Questions: 1) Is it possible to take data from ADC to main memory at this speed?
                   2) What maximum data rate can be achieved using I2S + DMA? (at least approximately)
 
Regards,
Nick