Thanks for the input...
Just for the record (although I guess I should have stated it before) I am very aware this is BETA, however, that doesn't mean I should sit back and think that I am asking anything out of what I would consider 'ordinary' for a program of this nature. And as Nick pointed out, data rates are going to be higher, so the demands on the program/cpu/memory are going to be higher.
As requested, here are the specs of my machine.
2x 3.2 GHz Quad-core Intel Xeon
8 GB 800 MHz DDR2 RAM
2TB OWC MERCURY ELITE PRO FIREWIRE RAID.
Here is a step by step on how this all came about, just incase others try to re-create this.
1. Load individual folders of footage into Bin 1 (Each folder represents a day of shooting) Making all of my footage in Bin 1.
2. Save Project.
3. Close RCX.
4.Open RCX and Open Project.
5. Drop any clip in Player and start grading
Anyone from RED have any insight to this?