To save writing it all again, from: http://www.canopus.com/products/EDIU...ewfeatures.php
"Segment Encoding for SD and 1080i MPEG-2
Segment Encoding ('Smart Rendering') makes its debut in EDIUS Pro version 4. Supporting standard definition (480i, 576i) and 1080i MPEG-2 content, Segment Encoding reduces the time taken to export your project to the same format and bitrate, by simply encoding the edited and modified sections of any source MPEG-2 clips that match the target MPEG-2 format (e.g. frame rate, resolution, bitrate)."
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