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More details here: http://www.editshare.com/index.php?option=com_content&ta...

Summary: It's not out yet. No mention of the open-source license to be used, or whether they will be pursuing a "MySQL" model of charging commercial users (presumably not -- they already sell video storage hardware). The only mention of monetization is that there will be a "marketplace" for proprietary extensions.

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I hope it's better than their website...it's completely unusable under Chrome. But good on them, this is one area where OSS has been lacking up to now.
I spoke to their web-dev - apparently the menu was built before Chrome was released, hence the compatibility issue. I've been assured that it's near the top of the to-do list.
At least the "productions" page is impressive. Anyone has experience how usable it is for amateurs/hobbyists?
I'm not going to fill out a form just to check out their software.
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This is very interesting to me as we have been relatively happy using Final Cut to produce our films but it seems to lag behind a bit in adopting new technology and I'd like an open-source solution so we have more options available for doing distributed renders, etc.

Exciting...wish there was more information available!

I can't find sys reqs. Mac? Linux? Windows?
Here is the website of the company they bought out, whose products they are presumably open-sourcing: http://www.geebroadcast.co.uk/LWKS/lwks_product.htm

The Lightworks Softworks brochure lists Windows XP Pro as a minimum system requirement. Of course, open-source software tends to go cross-platform; for example, Blender was once proprietary and Unix-only.