Yes I can confirm non .dps files are completely processed in software. The Velocity10 manual and release notes discusses this in depth and even has a chart for the real-time playback peformance you can expect using various formats.
Keep in mind that P2 is a wrapper and it can use DVCPRO50, DVCPRO-HD, or AVC-Intra streams. So I'm assuming you're only using DVCPro50 since it's the only Standard Definition format of the 3
The Velocity 10 release notes say that files are all processed in software and that 3 RT streams (DVCPro50) is the best performance you can expect. And that's with a newer, up-to-date computer with modern processors.
We only occasionally get P2 files. When we do, they're typically mixed with .dps files on a timeline. But if we try to do several transitions back to back with P2 files, we typically need to render as well.
All three of our VelocityQ systems are IBM Intellistation Z Pro 6221, so probably older than yours and we can do 2 channels of P2 and a transition as long as the whole timeline isn't P2 clips. But if we put several in a row, we eventually need to render the transitions to get reliable playback.
Here's an excerpt from their Release Notes:
The following list includes all the formats and codecs (both hardware and software) supported by version 10
• RT Streams are shown as maximum number possible without dropping frames
• RT assumes the clips match to the Timeline Settings and Playback Video Standard
• Software RT playback is a function of the CPU speed and Motherboard DMA potential with Altitude or Quattrus hardware
• Limitations in CPU and/or DMA will result in a lower RT Stream count without dropping frames, or may require rendering
• Preview may be possible for more software layers than indicated (up to maximum supported hardware channels for given format), though dropped frames will occur. This also includes HD formats on SD VelocityQ where preview is possible, though render is required for proper SD output
• Though native codecs are supported during editing, final Movie Output (even back to the same codec) requires re-coding all (native smart rendering feature not supported)
• Variable RT Stream performance indicates undetermined or variable performance based on CPU and actual codec
Chris Blair
Magnetic Image, Inc.
Evansville, IN
http://www.videomi.com