I've been playing with the new video capabilities in Lab 5, and wow am I impressed! I've been seeing how far I can push the effects, and see what can be done entirely in Qlab, and I came up with this sample lower third. Not the greatest graphic design, but oh well. Some interesting things to note:
There is no external media - everything is generated with text cues (the unicode character palette is your friend!)
There are 2 outputs - one for RGB and one for an alpha - the Color Matrix effect is great for manipulating the channels. I haven't tested it with the key inputs on a switcher yet, but it looks correct. You can even get a quasi-straight (unmultiplied) RGB output by playing with the Color Matrix effect on the RGB output.
You can do some crazy stuff by stacking effects - check out the Texture Fill cue!
The new Playlist group is great for repeating fade cues for continuous or looping motion.
So much more to explore!
--Scott