With Vegas 7, playback of CFDIs is now slower than it was in Vegas 6, and considerably slower than playback of .m2ts. But we still need to use CFDIs for rendering if we are doing compositing, complex color corrections, etc. Because of the generation loss issue. I've read that Sony and Cineform are working together on a solution to improve CFDI performance in V7.
While we wait for this, I would like to ask if anyone has tried doing a project with .m2ts on the timeline, then swapping them with CFDIs at render time using "replace media". Can it be done, or is there a timecode problem? I guess this would be sort of analagous to what GearShift does with proxies...