Did you install the Log and transfer plug-in for FCP? You can get it at the RED site.Tried to import via L & T and it wouldn't allow it. Opening and dropping proxy files require long render. Do I just need to go to Red cine and transcode to Pro Rez?
It's probably updated by now, come to think of it... maybe I should grab it also.
Once you install that you should be able to navigate to the files like you would P2 files on a hard-drive, then choose which balance (tungsten, daylight, etc) and do your Log and Transfer.
I've actually had some people report a buggy log and transfer and having to uninstall or install other things. Check the RED forums, it's supposed to be a semi-common issue.
By the way, I just realized you said that you're now a RED owner: the newfound freedom is nice, huh?