There are lots of misconceptions about the intensity and difficulty of the RED workflow in post. But now, more than ever, is it easy to work with RED footage and the r3d codec. With programs like the new Adobe Premiere cs6 suite and Final Cut Pro X, working with RED and raw footage has never been easier.
Now there are quite a few haters out there against FCPX but for what it is, it will handle most small projects no problem. If I was editing a feature, I would probably go with premiere. The little stuff though, Its hard to compete with the ease of FCPX.
Here's a little tutorial showing some of the processes to ingest and work with RED within FCPX and REDcine-X, RED's proprietary footage handling software that is free from there website at www.red.com