The way "apply FX to item as a new take " works now, the effect will be applied just as far as the length of the original clip. If you use fx like echoes or reverbs it just gets cut off. It would be very useful to be able to include the fx "tail" in the rendered result.
There are workarounds, but they are quite timeconsuming.
More in this thread:
http://www.cockos.com/forum/showthread.php?t=3090
Now I wont be nagging more about this ;-)
Thanks!