+ - **Frame transmission latency:** Unlike computer networks, HDMI and SDI
+ transmit their frames pretty much in real time, ie., sending one frame
+ takes one frame of time. For cut-through switching (which includes
+ HDMI → SDI conversion and the other way around), this doesn't really
+ matter, but Nageru has to receive the entire frame before it can start
+ processing it (and by extension, send the result frame out). Thus, you will
+ typically get one frame of latency just by having Nageru, or really any
+ switcher/mixer with digital effects, in the chain at all.
+
+ - **Jitter and queuing latency:** Unless you are lucky enough to have an
+ all-SDI setup where everything runs off of a shared reference clock,
+ frames on different devices, as well as on the output, will be at random
+ offsets from each other (and also drifting slowly, even if they are at
+ the same frame rate). Thus, some sort of *input queue* is needed for each
+ input card, and the time a frame spends in the queue before being picked
+ out for processing is by definition extra latency. (Note that this means
+ that latency is not a single number for the chain as a whole, but can
+ vary by input.)
+
+ - **Processing latency:** By definition, processing of each frame has to take
+ less than one frame's worth of time, or else the system can't keep up.
+ But if you have a fast GPU and/or do little processing, you can spend
+ significantly less. Thus, if you're after the lowest possible latency,
+ a faster GPU might help you shave off a fraction of a frame here.
+
+ - **Output latency:** Finally, cards have their own output queue,
+ and some will expect there to be multiple frames in it before outputting anything.
+ This is outside Nageru's control, unfortunately, but can easily add 2–3
+ frames of latency. If you want to avoid this, look for Blackmagic's “4K” series of
+ cards, which are of a newer, lower-latency design than the previous cards.
+ The 4K series in this context include everything that have “4K” in their
+ names, plus the Mini Recorder, Duo 2 and Quad 2 devices.
+
+TODO: Write about queuing options. And latency measurements. And audio.
+
+TODO: Write something about time codes here.