Vegas Pro 11 also includes:
Stereoscopic 3D enhancements: New Floating Windows controls for eliminating stereoscopic edge violations, plus enhanced support for NVIDIA® 3D Vision™.
Support for RAW photo files: View and edit RAW photo files from more than 120 DSLR cameras natively on the Vegas Pro timeline.
Robust video plug-in architecture: Expand your creative horizons with plug-ins from industry leaders including BorisFX, GenArts, Red Giant, Re:Vision, NewBlueFX, Imagineer Systems, and more.
Closed Captioning: Add captions to new video projects, or re-purpose existing captioned content for the web.
AVC progressive download option: New Custom Render setting enables rendered AVC files to begin playing during download.
RED EPIC® support: Works with 5K files from RED EPIC camera.
Improved Render Dialog: Makes it easy to manage your favorite render templates.

Despite what Sony has stated in their announcements and even promoted in technical newsletters - my experience is that it does not work. Since I work with high-end Canon, I recently took up this discussion with them.

They directed me to the process which is get the. raw driver installed on the Windows OS so that other applications can use it to pull a file open. That does work, but as CANON told me, you may not like how the opening app handles the file. I found weird colorspace anomalies and many other issues. NOT PRACTICAL.

So I shoot Canon raw, use their utilities to convert to high-end tiff or .jpg and all import really well to any app on the Windows OS.

Start on page 41 of the Vegas Pro 11 manual.