I've noticed the following:
If I try to "render as" a straight Cineform clip on the V9 timeline to the same Cineform format it only works without recompression if I do not have any other tracks below the cineform clip on the timeline. If I have another clip on the timeline it has to render even though no effects or format change is taking place.
This does not happen in Vegas 8. This issue along with the bug preventing save as (trim media with project) when using Cineform files tells me something was broken in the way V9 deals with Cineform files and was never completely fixed when they got Cineform working again.
Marc