A new version of Adobe CS5, and subsequently an updated After Effects (our primary compositing tool) is due to arrive in less than a month. There are some pretty exciting features that make the CS4 to CS5 upgrade much more viable than the jump Adobe took into CS4 from CS3 with their VFX tool. What can you expect out of the new Adobe After Effects? I'll break it down in order of importance:
1) 64 bit operating support: While some may need to update hardware, this is a significant push to make After Effects a faster compositing tool, utilizing your computers processor speed for faster previewing. Previewing a project with many layered effects can be one of the most time consuming stops on the production line. Also, keep in mind if your library of plugins are 64-bit compatible. Red Giant, makers of the industry standard particle emitter Particular and other widely used effects like Form and Shine, have opted for small fees for upgrading your plugins through them for a less painful jump to a new version. A 30% improvement is said to be typical.
2) RotoBrush: Adobe has opted out of the "cut-out" for the "paint-in." The cleanest, fastest way to rotoscope today is keyframing masks, frame by frame. Although this allows for ultimate control it is extremely time consuming as the compositor is breaking down a video into thousands of images and painting elements in/out individually. The new Rotobrush is a practical effect that is a brush driven rotoscope, see John Dickinson's (Motionworks) tutorial exploring the tool here: http://bit.ly/aKfTTV
3) Color lookup tables. Lookup tables are derived from hardware devices that transform the range of the colors in your video stream for representation and display on your monitor. A modified Color Finesse (which has become our main grading solution) interface will allow for a more consistent, and faster workflow. Color correct and grade across projects with many different scenes (balances) by applying a color treatment across the different layers in our outside of After Effects. The tables can be shared with different users on a network and even on different programs. And while we are on color, After Effects had also made an upgrade to encode and decode the Quicktime codecs that are imported in for a more accurate interoperation across many different softwares (think Final Cut Pro.) Read even more about After Effects CS5 here from the project manager himself: http://blogs.adobe.com/keyframes/2010/04/introducing_after_effects_cs5.html