The Foundry has released the Storm beta, a Red workflow assistant which allows users to view R3D clips with full histograms, color grade, tag/comment and other metadata as well as edit, in one package as part of the Red Workflow. It acts as a RAW processor and is non-destructive. The open beta program is available until 1st March 2011.
You can sign up to download the beta here:
http://www.thefoundry.co.uk/products/storm/try/
For more information on the product, click here: