It is interesting in that it supports all kind of color conversions (hopefully correct), the catch is that it does not 'upconvert' the color space with interpolation.
Anybody tried this?
http://magicyuv.com/
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Very nice lossless codec in terms of encoding speed, decoding speed & latency (repsonsiveness in a NLE). Slightly better than UT Video which is amazing.
I'm less interested in the conversions (because it's a lossless codec), but you can ask or PM the author, Ignus2 about the details on that. He posts at doom9 and posted a few times here