“Video noise reduction
Use the high quality, drag-and-drop noise reduction effect to reduce or eliminate grain and video noise
Easily change processing order by dragging the noise reduction effect in the Inspector”
Is the video noise reduction effect new? I don’t remember that being available before.
The release notes talked about the noise reduction, I copied that text from the release notes. I didn’t find the effect back in the effects panel and apparently it’s taken out of the release notes too. Maybe just a matter of timing, with all the Prores RAW, that they add such an effect.