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I love VEGAS PRO 12 for cutting; it's just more intuitive than anything else out there and I get my work done 3-4 times faster. I usually run R3D files first through REDCINE-X first, then open them...

Yes it does, but it doesn't look lie the image in REDCINE-X. In other words, you change in RCX and Vegas sees it, but it doesn't "translate" it as is. Probably because RCX features like alchemy, etc,...