I like the option to preserve originals. I wonder if this is now always done or if it is configurable. Often times I am preserving the original footage and project files anyways so don't need an original. However other times I am just throwing footage straight from the camera and the archive is nice.

It also opens interesting possibilities like re-encoding down the road to new or better codecs or even just better encoders. For example it would be interesting to dedicate one background thread to re-encoding in a much higher effort, and possibly re-running this every few years to take advantage of encoder upgrades.