I have done both LUT, CDL and LUT + CDL dailies with v7 with varying results – I think the concept of “LOG” dailies with color as metadata is very close. Most of my feedback in beta was around third party metadata applications to LOG type essence, be it camera originals or DNxHD.
The soft spots in all of this is the process by which the metadata gets applied to the essence. I very easily created LOG DNxHD 36 and applied CDL as metadata and for the most part if worked. One main issue right now in this release is that ASC SAT does not work –
LUT description is the area that falls apart, and does not work as part of an ALE process. I am told that AAF does/will at some point but have not seen that to be true at this time.
Michael