Hi
Sorry I had misunderstood your original post. I was testing fading the title within Qlab with an animation cue, not playing an alpha clip with the fade rendered.
I can confirm your findings.
The solution is to use a straight alpha not premultipled (presumably with black)
I don't know if this is a bug as such. There is a huge variation in how video editing and compositing programs handle alphas.
Your example of white text with a fade even plays differently in QuickTime Player and in the finder quick view.
With the premultiplied version you see the fade correctly
With the straight the text is visible at 100 percent through to the end of the fade
So it's worth knowing that straight alphas are best for Qlab but if you open clips encoded this way in quicktime player you might no see the true result.
Unless you put the alpha type in the filename it's pretty difficult to see which type it is as it's not reported in most get info panes.
Mic