Yes, you heard that right. A new feature called Color Mode is coming soon to Adobe Premiere, and based on its apparent significance, was awarded a Product of the Year Award at NAB Show 2026, despite it not being a product on its own.
Believe it or not, Premiere has never been favored for its color-grading features. Professionals and prosumers alike have found it difficult to fine-tune color, contrast, and other visual settings with Premiere, turning to other applications such as Blackmagic DaVinci Resolve for their color-grading needs.

Color Mode is a complete revisioning of color tweaking in Premiere, meant to bring it closer to a first-class resource for color grading experts. It’s been getting plenty of good buzz, and is currently available as a preview in beta.
I too have found color adjustments quite cumbersome in Premiere, and look forward to discovering how this new feature can make fine imagery customization much easier (and more satisfying).