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Render Scripts are quite similar to AviSynth scripts and plugins except they run fully on the GPU. You can script Render Scripts in a similar fashion to AviSynth with a C# syntax, or an AviSynth-like syntax with the full power of JavaScript behind it. As opposed to madVR's mostly closed source nature, MPDN's Render Scripts are fully open source and are hosted on GitHub.
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I have a question. AviSynth can process YUV420 "natively" in some cases, without any color conversion, for example, some fade-out effect or subtitles I can add without color conversion, but big guys like Vegas or Adobe work in RGB space for all of their effects to be available so the raw recorded in YUV420 video gets converted to RGB regardless with some data loss.
How is NP.NET's Render Script in this regard? I guess essentially I'm asking if I can use it as a replacement to AviSynth to some extent.