Flexcolor may need a facelift to please the market but I can assure you it is not a "Horrible bit of software." It runs rock solid and makes fantastic images with good efficiency. I can't remember the last time it crashed but I can remember easily the last time C1 did.
We will all welcome a new look and features for sure, but FC has many features that go unnoticed by those who complain the loudest.
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Flexcolor ain't pretty, but the proof is in the pudding in that Flexcolor does a great job rendering files. Generally better than ACR with Hasselblad files converted to DNGs. I personally find Capture One to be a completely non-intuitive piece of software to use. One thing I love about MACs is that I don't need a manual to figure out how to use it and I never have trouble finding my files. The file structure in C1 with "Sessions" is absolutely maddening. My constant reaction is, where the hell are my files? Am I coming or am I going? Could I learn it? Sure, but I have better things to do with my time, like trying to create a great image in the camera. Learning how to operate the damn software to process---process not optimize---the files is not high on my list of rewarding activities.
Quite frankly, none of these MFDB systems does a good job in getting you quickly and efficiently to a file that looks as good as a transparency on a light table. That, to me, is the biggest failure of these systems, not the cost. It should be quick and easy to get to a really good file. Not a great file that has been fully optimized, just a really good starting point.