Ramesh, your right!! I just opened RCX to grade some clips.... and Alchemy is gone!! prompting "Not licensed for use -- disabled." where the Alchemy Slider was.
Maybe we'll get RCX 11 today with RC3 / RG3. and Alchemy back.
I use Alchemy in almost every clip, it's now part of my workflow, and as a working professional for me it's important that I can trust the workflow I use.
IMHO, Alchemy is now an important tool for many of us, disabling it means, at least for me, that a have to stop my Work or go back to where we where before....
Don't get my wrong, I love you RED and all the incredible new stuff we get from you like RC3/RG3, but until then please bring Alchemy back.