Just a quick aditional note to show why I like so much Edius and its capabilities when it comes to grading. It's only a question of fastness-efficiency. I couldn't care less about the brand.
-First, it is a wysiwyg editor. The monitoring is the output and it is in real time (up to 4K).
-It's possible to use beziers curves with no limitation in complexity, assign them a behaviour frame by frame, manually track them, affecting the drawing frame by frame, and assign separatly unlimited corrections
inside, outside, and on the edges of those curves, control the nature of the edges, the smoothness etc... The only limitation is your computer power.
All the parameters are changeable frame by frame. You can add or rest unlimited color corrections, using different techniques, cumulating as much as you want all the different grading tools (curves, color correct wheels etc...).
You can rebuild the geometry of your vectors, affecting them point by point at any time with not having to re-do everything. All is transparent, non-destructive and tunable.
-You can isolate tones and colors, luminance, saturation etc... and work on each separatly and assign tolerances as well as mixing all those parameters together in one window and control the % of each and of course you always have a mate to control.
-You can work on "layers", being an editor it will be video tracks. Assign transparencies on any part of the layer, doing a specific color correct on one point in a layer and on another in another layer. Each layer being unlimited in terms of masks + color correction cumulation, of course green-screens...it gives the same hability as PS but within the timeline, in real time and in output resolution. In fact I think it's even more robust and versatile than a PS is for stills. Because the capability for color grading is kept for filters too included the most complex masks and both are mixable. It's a sort of having a little AE within the editor.
But of course, if you cumulate a lot of layers, a lot of complex beziers and a lot of keyframes with lots of color correction + effects, your computer power will determine soon the limit. The software is unlimited, just the computer is. The other day I went too far for my computer and the software in this case only allows you to export in a smaller format in 8bits. But it only happened to me once.
And of course you can save your settings and apply them to any part of the footage you want. The saved settings are saved permanently and can be used in another project. It's completly customizable and you can always come back on a saved setting, re-tune it or make "families".
And all that without leaving the editor, within your timeline, without the need to re-link anything and with the security that what you grade will be the output seen. You can switch from proxies to the high-res files in a click and immediatly view the high res version, then back in proxie mode, then relink all the edited footage by another format that has been generated elesewhere with no limitation in about 15 secs watch in hand task completed.
And, it's intuitive, not user-unfriendly like Avid. the grading can be done in 10 bits. It's not going to replace a Nuke or purely an AE but can indeed replace a Resolve or a Scratch.
It takes almost all the formats on earth natively (except Red), included P2, avchds etc...
The only downsides I really don't like in this editor is the timewrapper that is a real mess and still don't understand how it works. All the rest is damn efficient. The other downside is that it's not native R3D friendly. The Red workflow on it is a DPX one. Another big downside is that it won't recognize PS layers. But overall, the balance is extremely positive.
Of course it's also stereo capable and multicam workflow is exemplary.
That's why I entered in resolve and then thought, for what, if I'm not limited in grading tools? Another learning curve didn't seem necesary.
In the end when maximum tasks can be done in NLE I applaude. (or in one software)
Now, I think that the Jame's move to Adobe is very good. (PS layer compatible, Red workflow efficient etc...)