If you're still on earlier than MC4 Avid editing systems Avid is making an offer that's hard to turn down. Any MC4 upgrade copy bought after April 12th will be eligible for a free upgrade to MC5 when it comes out in June. The Xpress Pro and pre-MC3.5 software only price is $395 and the 3.5 and later price is $295.
MC5 will import RED and Canon HDSLR files natively, no need to transcode first. I can't wait, the transcode step for my 7D's files is tedious.
Thanks to the Avid MC sales staff at NAB for lining this all out for me!
Media Composer 5
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