I just pulled in 10 iPhone RAW files. It did a really nice job of processing them, I did the usual pulling-up shadows and highlights, and played with some of the sliders. Noise reduction and sharpening tools are primitive. Yet the photos look great. I finally managed to export ("render") them.
It's a baffling process flow if you're coming from Lightroom or a manual ACR workflow. But I'm excited to see where this goes. Quite simply, the output results are great. And free!
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Resolve is very much professional software, by which I mean there's a huge amount it can do but you're going to have to dig into the documentation to work out how any of it works, it won't just present it to you. I'm personally quite onboard with that because I'd much rather have some software that's designed to be used efficiently by people who know what they're doing than software which makes it easy for someone who's never launched it before to do a few tasks.
(I also love that Blackmagic are ultimately a hardware company, and covet the various input devices they have for specific tasks that I can't even slightly justify buying)