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Cliff..
My observations on your questions:
1-cuts and dissolves
cuts as you would expect. dissolves are a bit different. vegas will automatically provide clip overlap to enable the dissolve. Edius and Avid will not. You will need to manually provide the overlap. This is done by using the source window. Much like the trimmer window in Vegas, edius and Avid use the source window to select the clip, via in-out points. In order to use a dissolve, there MUST me a head and tail to the clip you load in the record window. once you have the extra head/tail, just drop the FX(in this case a dissolve) on the cut line between the clips.
2-audio edit
just export as wav file, edit in your 3rd party app and reimport. if you want to use "takes" drop the editted audio clip on a new audio track and mute the unused track
3-Codec properties
Canopus HQ is an intermediate, much like DVCPro, cineform or DNxHD. It works in YUV, while the others work in RGB.
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~~~~~~~~~~~~~~~~~~~CHALCHIHUITL (fix it in post) PRODUCTIONS~~~~~~~~~~~
XDCAM EX--JVC HD110-----PC Based Avid Media Composer/Edius Broadcast/Vegas Pro--CINEFORM
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