Thanks for posting this.
I've been doing an awkwardly lengthy but effective camera raw workflow with Gopro/Phantom footage for some time now. The combination of processing in camera raw and then doing additional tweaks in FCP7 seems to yield the best result. CS5.5 is especially helpful for removing fisheye on footage shot with the wide setting, using the Nikon fisheye lens preset with some manual adjustments.
Granted, I don't really know what I'm doing when it comes to grading but I couldn't achieve these results in Resolve or FCP alone: http://vimeo.com/113938340
I know there's some artifacts from compression but I'm more concerned with the overall feel of the footage, especially coming from a Gopro.
The only weird thing I've noticed is a slight overall gamma/color shift when importing into FCP, which I'm thinking is maybe due to Adobe using a different color profile.
Thoughts on that? I haven't delved yet.