Oliver Peters at digitalfilms has a nice look into Lumetri Color in Premiere Pro CC 2015.
It is worth checking out, and actually pointed out some things I didn’t realize.
I didn’t realize that the grade in Premiere Pro is separate from a SpeedGrade grade, and none of the grading passes over. This is really too bad. I really like SpeedGrade is an awesome Grading program, and it could be amazing with just a little work from Adobe, but instead they are porting some of it’s functionality into Premiere, but dumbing it down to a much more Lightroom like interface, instead of a Pro Grading Suite as SpeedGrade is.
I would be much happier if the grade was in fact the same and passed from one to other so you could use the high end grading controls if you want or the lightroom like controls in Premiere.
It actually kind of scares me that they might just dump speedgrade (no upgrades this time around), when really all it needs are a few little tweaks like multi monitor support to make it really powerful.