The BPM controls any effects which ask to be controlled by BPM. For example, try this. Select a cue. Then go to the right side of the screen, where you see the green "E" (actually symbol is Sigma). This is the Effect Editor.
Now, click on "Add" and add an "oscillating zoom" effect. By default, your cue will now zoom up and down to the beat of the music.
Now tap the space bar quickly to tap in a faster beat. The system will now zoom your cue faster and faster, always maintaining the beat of the music.
So for your version of software, this is what the BPM is supposed to do. In version 2.0 it will do more. Derek's new workspace takes much better advantage of BPM, and also we have some other exciting features that will take advantage of BPM as well.
Stay tuned...
Best regards,
William Benner