This article has the parade route and yes 5:30 AM should get you front row. Have fun!Thanksgiving article part one:http://www.examiner.com/x-21128-Newark-Luxury-Travel-Examiner~y2009m10d5-Thanksgiving-NYC-2009-comprehensive-guide--part-oneThanksgiving article part two:http://www.examiner.com/x-21128-Newark-Luxury-Travel-Examiner~y2009m10d6-Thanksgiving-NYC-2009-comprehensive-guide--part-two
It is an excellent location. However, I would recommend getting there early, so you can be in the front row. There are no seat, so you ll have to stand.Good luck