Hi Ron,
Thanks for the idea. It's an excellent solution. I'll try and do it on this current project and see how it comes out.
One sticky point, what if you have a cross dissolve?
--A problem I do have with this process in general - (sending my sequence to be colored in a separate application) is that I can't change my clips once they come back. I know that color can-should be the last step in editing but as the editor, colorist, audio'ist'

... I find that after a color change or effect, it will change the feel of the sequence and sometimes I want to extend or change a scene, but as far as I know, after it comes back, you can't change the clip.
Well, maybe I need to rethink my workflow and be totally done when I start to color correct. It's just that sometimes the great stuff comes out when I think I'm done and try something in a slightly different way. Anyway, just a thought.
--Jenny