Jim, I know ACR was designed to be a still image RAW developer, but it would be a waste not to use it for many still images (a video is not more than that).

But since more and more video cameras are capturing RAW data a debayering suite like ACR will be necessary for video too. Instead of having an importer for every file format, ACR could substitute them with its superior quality and controls, since it already has almost everything that is needed for processing RAW video it would be unwise not to use it (I see use for compressed video from DSLRs for example too).

The only things that I can see that need to be changed are the denoising (needs a good temporal option aswell) and the ability to scrub through a clip and the possibility to create keyframe for the development settings.

I use ACR for timelapse (video) all the time, apart from the slow processing speed (which won't be a problem with future computers) basically everything is already there.

The next step would be directly apply rotobrushes to the RAW data, but even with a computer with the speed you would expect in a couple of years that is probably a bit farfetched (taking into account, that resolution will also at least slightly increase for video).

Premiere should have gotten still frame ACR support with CS6, some might even argue that it should have been in PP since CS5.5.

Too bad Chan, I think there is alot of unused potential, because I as mentioned in the first post, RAW formats are coming along more and more.

Are there plans for an equivalent to ACR for video (e.g a universal first light importer)?

Is this still true?

As of today there is now RAW converter for digital movie cameras that shoot RAW that has a fraction of the features ACR offers to all photographers. Especially lens corrections.