RED Releases Redcine and Native FCP Support
"Red Digital Cinema have released Redcine, a software tool to convert native REDCODE footage to any codec you have installed on the system. QuickTime Reference files link the source REDCODE Raw footage into a QuickTime movie so that applications like Final Cut Pro can use the footage "natively".
REDCODE Raw codec supports RT playback and editing of the QuickTime Reference movies generated in camera. Both 2K and 1K QuickTime Reference movies are supported in this release.
When you transfer media from your CF cards to your hard drive for editing, please be sure you take the native .R3D files, the QuickTime Reference movies and the Magazine Profile from the CF card. They should all live together in the same folder to allow for offline/online editing and finishing. After you have imported your QuickTime Reference movies into Final Cut Pro do not move the original files to another location. If you move the RED files and media after importing the QuickTime Reference movies into FCP you will lose the connection to the FCP master clips and will have to reconnect the files manually.
Depending on your system configuration, you may see less than full frame rate playback. RED recommends the current top end configuration of a MacPro with 8 cores, fast RAID 0 striped drives and a minimum of 4 gigabytes of RAM if you plan on editing the 2K QuickTime Reference movies. RED recommends for RT editing on a MacBook Pro that you use the 1K QuickTime Reference movies or smaller frame sizes that can be generated with the RED Alert! Program provided to camera owners by RED."
Source: Digital Production Buzz