If by the term advance... you mean VERY stable... simple-ish to use... very capable of doing just about any major editing project without problems... AND, when you look at the price... then... Yea!... Liquid is fantastic.  Honestly, I don't why AVID is even trying to create NexGen... IMHO, they only need to upgrade Liquids DVD creation ...

How about stability... did he mention any comparison as to how stable Edius is compared to Liquid (specially with regard to HD)? There are a lot of NLE's that can do more than Liquid (or at least the same)... but, most of them are not as near as stable as Liquid.  At least that has been my experience.

Two words - Zoom H4 Sound problem solved with pole mounted external mic...

Size of disc space needed depends upon what your work flow is... In my case, I do a lot of compositing (and some 3D and a little 2K stuff) with my editing.... so, I tend to chew up 1T size Hard Drives like they're DVD's... plus, I have a really bad habit of keeping original source material  and editing files on Hard Drive ...

Without a really powerful computer... color correcting with HD can be a real time consuming nightmare.  So... the best suggestion is to make the HD color you are shooting as close to what you want as a final video product.   To produce good color means you will want to pay more attention to the lighting.... which can be a real ...

Not near my editing computer at this time... but, when you export in AE to Liquid with an alpha...if you run into trouble with the alpha, the chances are you need to change the video output to either Premultiplied (matte) or Straight (matte)... off hand, I can't remember which color output you should use... my memory seems to think it is ...

IMHO...The obvious future progression of video production is a consolidation to a single function of software applications... I think it will be only a matter of time before compositing, 3D application and compositing software will be a single software application... and, this will be the norm.  This shouldn't be consider earth shattering ...

What are all the Liquid users doing being Pinnacle nor Avid is not supporting liquid with a new upgrades?  I am using AL to edit... AL liquid works fine with multi-core CPU's... If you want to upgrade to something to take advantage of a 64 bit system... and, be ''moderately'' priced... you might look at getting Adobe Creative Suite... but, ...

Based on what you want to do...  ... you will definately want to choose either Adobe Premier Pro or Avid Liquid. ...creating movie trailers can be done with either... however, the Adobe After Effects with Adobe Premier would probably be the best choice for what you want to edit - movie trailers. That combination would be very powerful ...

Good questions... From a person who uses both Adobe editing and compositing software and Avid Liquid... Here are a few answers to questions you did ask. Avld Liquid... if set up on the proper computer... is far more stable and capable of doing more ''heavy lifting'' without straining than Adobe Premier Pro could ever dream. In terms of ...