PictureCode just released version 1.2.0 of their very popular professional-grade raw converter Photo Ninja.
This update comes with initial support for Fuji X-Trans cameras (X-Pro1, X-E1, X-100S, X-M1, X20). Note that highlight recovery, in particular, is not yet implemented for the X-Trans. Full change log is here.
I quickly compared this latest release to LR5, C1 and Iridient Developer. Here is my first impression.
Compared to LR5 Photo Ninja does great job rendering details and colours, especially in "leafy" scenes. No "water colour" effect, plenty of details.
I found that PN's renders x-trans raw files very similar to Capture One Express and a bit of moire is also visible on the bird's feathers.
Iridient Developer is still the "King of Raw Converters". It pulls more details with no traces of moire whatsoever.
But ID is Mac only, while PN works on both Windows and OSX platforms.
My first impression (very subjective) is very good. Photo Ninja delivers nice colours and excellent details. Interface is easy to understand, plenty of controls and it runs really fast.
I will do more testing over the weekend.