Steve,
Three key features that will probably interest you:
• annotated files retain your keyed metadata and are stored in a custom library
• metadata can be exported and linked to a specific file in a collaborative environment
• It supports FCP XML
The “47” connotation refers to an MPEG-4 file with embedded MPEG-7 metadata. So the logged media is converted to this format when you associate it with FL47. Originals remain intact.
The full screen viewer is flat out awesome. It displays segment references, metadata, etc during playback. It’s a great way to review your logged clips.
For the price there is nothing else out there that comes close to this application.
-paul.