I played for several hours with v.3151 last night and must say, I love it! It does with MLV-files what Adobe Camera RAW (ACR) does with RAW photos and even more. I tested it with MLV-rec and RAW-rec video files from the 100D. I still cannot get the same color vividness that I get with single DNGs from the same clip in ACR but it's probably me. It requires quite a bit of training to get the look that you want. In that respect, the new grading tools are extremely helpful. On the other hand, Producer is powerful, efficient, full of very useful features, highly automated and portable - ideal for travel and vacation when most people, including me, shoot their amateur videos but cannot carry a powerful, heavy and bulky workstation with them to edit and archive their videos. Producer will do the job even on a small and lightweight laptop without beefy processor, video card and tons of RAM.
Most of all I like the noise reduction feature. I didn't test it much and on very noisy files but my impression is that it does a hell of a job reducing monochromatic noise but preserving fine detail. Congratulations, AWPStar !
Here are two bugs that I would like to report on for now:
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1) V. 3151 is not very stable. It opens all MLV-formats (14, 12, 10 bit and losslessly compressed) almost instantly, regardless of video resolution but adjustments are quite laggy, especially when several files are imported in the Que and synchronizing settings from one file to the others is attempted. During export, the software hangs in the middle or even the beginning of a file and stops responding. The project is gone. The only way to stop it is via the Task Manager. After that the software gets damaged and would no longer start even after computer restart. It needs deleting all files in the Producer directory, extracting the fresh files from the zip archive and starting all over again. I tested it on two different computers and in both cases I observed this behavior. With regard to stability, the old v.2722 works much better.
2) As reported above, sound export does not work properly. It maybe works well with MPEG2 export, although I did not check for synchronization between video and sound. But with ProResFast and ProRes422 export, audio stops much earlier than video in the exported file.
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When I notice more bugs, I will write again.