In previous versions, the "render and replace" functionality allowed you to quickly extract audio from clips and turn them into audio files. Now in CC 2014 the audio gets replaced with another movie file with no video track. This is useless when trying to convert audio clips to .wav format for editing in 3rd party audio apps, which is what made it so great in the first place. Additionally this breaks functionality with PluralEyes, which required that you rendered and replaced segmented video clips like those from the C300. Now PluralEyes rejects the created .mov files with an "unsupported format" error.
Why was this changed? How do I change it back?
I too am now dipping my toes into Premiere Pro CC 2014 and just ran into this as well. Jeez!!!! Using Pluraleyes like you and just need to convert the audio portions to .mov audio. Now what????? I thought there might be 'presets' that were downloadable but I can't easily locate any. Why does Adobe do these things?