This was posted and later pulled from Sony's website. I have not used Vegas or DVD Architect in a while (Currently using Adobe Premiere Pro and Encore at the moment), but it looks like Sony will continue to make it a great product. Here is the press release:
SONY UNVEILS VERSION 5.0 OF VEGAS SOFTWARE
PARK RIDGE, N.J., March 2, 2004 - Sony will introduce version 5.0 of its Vegas software, the latest upgrade to its award-winning, state-of-the-art video and audio non-linear editor, at NAB in Las Vegas next month.
"This version will establish Vegas as the premier application for professional media production," said Bob Ott, vice president of Sony Electronics' Broadcast and Production Systems Division.
The latest version of the Vegas software increases its functionality with even more sophisticated features, including 3D planar motion, film-style 5.1 surround panning, external control surface support, Loops for ACID ™ "loop property" recognition, customizable keyboard mapping, real-time event reverse, network rendering, Sony DSR-DU1 and DSR-DR1000 disc recorder support, J-H3 HDCAM player support and much more.
Vegas software provides a broad range of non-linear video and audio editing applications with advanced real-time A/V production across unlimited tracks and offers powerful audio mixing, video compositing, color correction, titling, streaming media creation, surround sound production and an extensive array of additional professional features.
Sony is also announcing the release of its new Vegas+DVD Production Suite, which includes Vegas 5, a Dolby® Laboratory-certified multichannel AC-3 encoder, and an upgraded version of its DVD Architect authoring and production software.
New features in the DVD Architect 2 software include: subtitle and alternate audio track support, enhanced disk optimization tools, external monitor previews, support for 24P DVD encoding and much more.
"Vegas software is already an overwhelming favorite among digital video and audio professionals," said Ott. "The software's enhanced capabilities in the Vegas 5.0 version and its integration into the Sony professional production workflow will now make it the most comprehensive software package available for professional video, audio and DVD production."