Hey the upgrade to Magic Bullet looks 1.4 is $99. You just have to have Vegas to qualify. The upgrade is also working in AE and Final Cut too. Great value for great results...Has an awesome interface and is almost 4x faster that the original Magic bullet Editors suite. I was getting black frames etc in MB Editors using GPU, but now the render is faster and no wierd glitches.
It has a spot fill, nice control over lens efx but the interface is really quick and practical. And because it's Vegas we get to change the R3D propeties while the efx are running...nice to tweak and get the exact results you're looking for.