Well – that argument, if made by Adobe developers, would be sickening. Let’s say everything does completely file-based. You will STILL ahve timecode on the files, and you will STILL need to occasionally replace (or recapture in a file-based way) deleted or archived clips. Then once you have the clips in there, you will still need to be able to see the clip timecode. Highlighting the clip to get timecode info in unacceptable. It’s a complete stoppage of work, and is therefor unprofessional. With this one reason alone, if I wasn’t totally beholden to After Effects, Photoshop, etc., I probably would have gotten something else. Although, I was an Avid user for well over 10 years, and their inexpensive hardware solutions suck now, so it’s hard to know where to turn. At least they have the timecode issue down, along with Velocity.