I took the liberty of putting these screenshots together to make head-to-head comparisons easier.
To my eyes the first two are dramatically improved with the CMS adjustment. Not only are the flesh tones much more natural, but look at the door in the first example and the shadows created by the dry-cleaning. You can see green noise in the original that the CMS almost completely removes.
I think something went amiss with the final example. The color temperature seems altered in the CMS example. See how much bluer the presumably white pillow is.
Shawn, could you look at that photo and compare it with what you see on screen and verify that it is or is not what the real image looks like. It just doesn't look right to me. [Edit: Fixed]
BTW, regarding a lower-cost alternative, I spoke with Jim about this some time ago and he expressed an interest in a calibration-only solution. This would be a relatively low cost black box that would have the 11-point grayscale, color decoding adjustments, and this CMS only. No scaling, deinterlacing, no noise reduction. Maybe not even any switching. Obviously, consideration of such a product will have to wait until they've completed development on the Radiance for those who want a full-featured solution.
One final point. Even if you prefer the uncorrected version, one can hardly argue that the difference between the two is small (and this is with the CMS not offering its full range of adjustment. I eagerly await examples after that is complete.). Why manufacturers have been so slow to offer this type of feature when improved scaling and deinterlacing alone can often offer only a subtle improvement to image quality that you might not even notice without it being pointed out.
IMHO, this is a HUGE leap forward in external processing.