If you aren’t familiar with IPP2, it is the new streamlined image processing pipeline created by RED that offers a completely overhauled workflow experience, from image capture through post production. Some of the benefits of IPP2 are better management of challenging colors, improved shadow detail, smoother highlight roll-off and more accurate mid-tone hues.
IPP2 has standardized color settings to REDWideGamutRGB / LOG3G10 to bring consistency to your workflow. This new update makes it easier than ever to apply FilmConvert to your RED footage.
You can download the camera profile here.