Great news from Avid.
Now you can directly access and edit RED files through AMA, without transcoding (images are scaled to HD frame size). Work directly with RED using the newly improved AMA. With Media Composer 5, AMA (Avid Media Access) has been completely reengineered, so you can work natively with more file-based media formats now and in the future. With the new and improved AMA, you can speed up RED workflows by directly accessing RED files (.R3D) in Media Composer without having to prepare them through MetaFuze (all footage is scaled to HD frame size). Plus, you have access to its full metadata and color management data too.