We talked about it earlier and now it is official. You can read the press release here. The interesting part is Canon talking about a 2x gain in speed for Prores 422 HQ transcoding compared to Compressor. Then again, if you are using MPEG Streamclip, the speed gain should be about the same.

This last sentence sound a bit weird to me:

Additionally, users will also be able to add timecode, reel names and metadata to footage quickly and easily – further enhancing the experience of EOS MOVIE users when editing their footage.

This could mean that we will not have access to the camera metadata, something that was part of the original product developed by Gluetool.

Release date, for the free beta, will be in March so new features might pop in until then.

Note: Thanks to Peter Wiggins for the link on this one, almost missed the announcement!