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Lightworks boasts an impressive set of features, even when compared to other professional not-so-free software.  I’ll list a few here, but there are many more:

• Resolution, format and codec independent timeline – AVI, QuickTime, MXF, DPX and RED R3D, DV, DVCPRO 50, DVCPRO HD, XDCAM HD, XDCAM EX, P2, AVC Intra, DNxHD, ProRes. Real-time up and down-scaling, from SD to 2K.
• Advanced Multicam editing with unlimited sources
• Third Party Plugin Support – Premiere Plugins
• Real-time effects in SD, HD and 2K – Real time Primary and Secondary colour correctors and unlimited effects layers scale with your GPU – Nvidia or ATI!
• Import RED media and DPX image sequences directly

I’ve been pretty psyched about this since they announce the project back in April 2010.  A free professional NLE available to the public.  Lightworks has been used by many big names in the film industry.

Lightworks is an Academy and Emmy award winning professional-grade editor with over 20 years of history in the film and broadcast industry. Having cut hundreds of films such as Pulp Fiction, The Departed, Centurion and Shutter Island, it includes a full feature set of editorial tools, from advanced trimming and media management, through to stereoscopic support and realtime effects including multiple secondary colour correctors. Lightworks has an advanced effects pipeline, utilizing the power of your GPU. And with support for up to 2K workflows with realtime effects, it is the most advanced editing application available.

I’m in the process of downloading this and will be testing it out in the next couple weeks.  Look for a review and maybe even a tutorial going over the basic use and some of the features available for use.  Right now Lightworks is Windows only, but Linux and OSX support is scheduled for late 2011. This is the first release of the beta version so I’m sure it will be rife with bugs.  Regardless I hope this project takes off strong and refines itself through the open source community.

Sean Bowers – NextWaveDV