If it does it's news to me, and I've been using C1 for several years now. I thought the only RAW converters that paid any attention to the camera settings were Canon's own.
Now, it does read the "as shot" WB I believe, but I'm reasonably sure that's all.
So that means if I used Capture NX2 then the raw image would be processed according the the camera settings? Meaning that the raw image would look like the camera-precessed jpg? But that it, at least, would be 16 bit image and not 8 bit jpg?