WOW!

-Directly access and edit RED files through AMA, without transcoding (images are scaled to HD frame size)

-Work natively with QuickTime video formats, including Apple ProRes and H.264

-Edit video and audio by dragging and dropping elements in the timeline

-Keep high-end finishing projects in-house and gain great color precision with HD-RGB support (including dual-link I/O support with Nitris DX systems)

-Monitor video externally with support for the Matrox MXO2 Mini

-Mix and match frame sizes and aspect ratios — in addition to formats, frame rates, and resolutions — in the same timeline

-Take a break during long renders and have your system email you when the job’s done

-Import AVCHD files directly from cameras and other devices

-Capture to and edit XDCAM HD and DVC PRO HD formats from baseband without additional hardware

-Access low-res XDCAM proxies for offline work, with full-quality audio

-Import text-based ancillary data and embed it in the video signal with the new “Data Track” and SMPTE 436M support using Nitris DX- and Mojo DX-based systems

-View stereo audio tracks as single channels in the timeline for easier handling

-Create high-quality sounds and mixes with support for RTAS audio processing plug-ins

-Natively access and edit 4:2:2 MPEG-2 media from the new Canon cameras using AMA

http://www.avid.com/US/products/Media-Composer-Software

coming soon they say on the web... very soon I hope!

Without speculating too much i'd say they might be demo-ing it right about now in NAB...!

WINDOWS 7 approved!

-OS: Windows 7, Windows XP Professional SP2/SP3 (32-bit), Windows Vista Business SP2 (32-bit* and 64-bit), Windows Vista Ultimate SP2 (64-bit)

SORENSON SQUEEZE 6 approved!

Sorenson Squeeze
Optimize and deliver content in a create-once-publish-anywhere world. With Sorenson Squeeze 6, you can optimize content in a variety of formats (including HD, DVD, MPEG-2, MPEG-4/H.264, Flash, and 3GPP) for web or DVD delivery, author DVDs and Blu-ray Discs on Windows, and burn discs on a PC and now Macs too.

This is extremely impressive. My expectations were high but this is a real game changer, a lot of wish lists have been fulfillled!

fiendish:

This is extremely impressive. My expectations were high but this is a real game changer, a lot of wish lists have been fulfillled!

I can nothing but fully agree ...  wow is the word 

the new SMART TOOL...

And word back from the NAB floor is that we are to have a new GUI too - likened to ProTools...

hmmm, well that i have to reserve judgment on. Wait and see.

Neil J:

And word back from the NAB floor is that we are to have a new GUI too - likened to ProTools...

hmmm, well that i have to reserve judgment on. Wait and see.

see...

The editing world is Avid's I guess.

Too many answers together.

MC 5 shows that Avid IS listening, especially to features requests made on this Forum.

Larry Rubin:

MC 5 shows that Avid IS listening, especially to features requests made on this Forum.

TRUE!

and the Forum members will have to give the same answer to most of the threads/questions here:

-Does it support Windows 7 (yes, get MC5)
-Does it support cheap HD monitoring (yes, get MC5, and Matrox Matrox MXO2 Mini)
-Can I import AVCHD (yes, get MC5)
-Can I import from my Canon Camera (yes, get MC5)
-.... (yes, get MC5)

I just phoned to a friend here who is having the only RED around (I wanted to share my happiness with someone) and he was thrilled. He is sending the r3d files to Athens at a company which has a card for speeding the process but I think this will be a matter of the past now.

Now that MC 5 is a reality, I'm needing to see the Newscutter flavor of it, perhaps Newscutter 9?

Well, it looks like Avid just regained control of the Post Editorial Industry. I am confident that this is just the start of great new developments. Great job!

And if I understand the new GUI timeline correctly, it allows for atleast up to 5 audio effects!?