As a home hobbyist (as I believe most of us are around here) I've been trying out Vegas Pro 11 with a view to upgrading from VMS10. Upgrade price at the moment is very keen. I don't think that the comparison pages really show the differences that users of my level will experience - does anybody here actually need to edit RED footage? So I though I'd summarise what I have personally noticed as being useful/different between VMS and Pro. I'm comparing VMS10 to Pro 11 so there might be something in VSM11 that I don't know about.
GPU acceleration and 64Bit.
Pro uses a lot more of my machines resources - which is a good thing. VMS only renders with 4 threads and can struggle for memory (I applies the LAA fix to my copy that helped considerably). GPU acceleration offers real world performance increases.
Envelopes (velocity/track/transition/fade)
These look really cool - not used in anger as yet but the Velocity envelope is something often asked for elsewhere here. (Allows you to change the rate the playback smoothly). Having full control over the transition envelopes is also cool.
Path tool on crop/pan
This is incredibly powerful for all sorts of picture in picture and mask effects - it had to be pointed out to me since I didn't realise it was there!
Far more Mask options
For creative effects. Not limited to simple Alpha masks.
3d track motion
Does what it says on the tin.
Vectorscopes
Might use these - I can see the use - but I will need to learn some more.
newblu titler & protype titler
The pro-type tiler is quite good - doesn't seem to "cheesy" I haven't had the newblu titler in the demo.
Extra effects
I believe that Star Wipe and some of the light effects (star, light rays) are exclusive to pro. Light rays is significantly more powerful that the Rays effect from VMS.
Sub Projects
Already used these - very good for doing separate projects for small sections then combining together.
DVD Architect 5.2
This hardly gets a mention but is the full featured version. Notable things for the home user are Dolby Digital tracks for audio on BluRay (considerable space saving) and multiple audio tracks per event (for commentaries)
Is there anything anyone else out there thinks I've missed - or something that's in VMS11 that I've included above?