Dont know if anyone else has noticed this. I have a number of projects with the timecode effect applied to an adjustment layer. The timecode effect was applied originally via preset I set up that had the TC generated from the MEDIA option. That used to work fine and was similar to the CLIP function.
However, with 7.1, this has changed - using the MEDIA option on the effect placed on an adjustment layer now results in zero TC throughout the clip.
I think that may be a bug? I would still expect it to generate timecode properly.
I would actually expect this to be the normal behavior, as the Adjustment Layer has no timecode. If you place the effect on the actual clip, then you see it's timecode when set to Media.
I have noticed that change since 7.1 .
Thought it was just me! Havent investigated fully yet but I do know its different.