Here's a link to a great color correction article.
Even though he talks about Final Cut Pro, the thought processes and concepts are identical to the VV4 color corrector - highly recommended.
I learned a lot from this. Have seen a 100% improvement with the new color-correction tools on my video, but Andrade has got me looking more at the lows, midtones and highs now.
I've done some filming with a PD150 and I know it doesn't look as good as that Elle video. It's amazing what color-correction will do!