Some reading to get you started. I'd type a lengthier opinion but I should stop goofing off and get back to editing :/
http://prolost.com/blog/2005/1/26/color-correction-in-linear-vs-gamma-corre...
http://prolost.com/blog/2010/1/26/color-correcting-canon-7d-footage.html
I tend to agree with Stu's posts. I try and noise reduce as early in the pipeline as possible. In terms of rendering it out before applying color finesse... I think that depends on how powerful your computer is. Can you handle ram previewing two effects? or is it slow for you? Neat Video is GPU accelerated with nVidia GPUs so that is a plus.
Angelo Lorenzo
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