12.1 update: Color workspace selection causes Premiere to crash.
In order for color to work again Premiere Preference folder must be deleted and rebuilt.

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Anonymous commented
Same problem. 2 différents configuration : PC on Windows 10 and PC on Windows 8.1. All the same : If i try to work whith Parade panel, Premiere "Pro" CC crash with the 12.1 update. I'm thinking to move to an other solution ! Please less new function but more stability and fixed bugs! Professional need that.
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Atanas commented
Same problem..The solution for me was to change the setting in Lumetry Scope from "8 bit" to "float".
I find that the crash occurs if I use Parade (RGB) with Vectroscope YUV (one of them cause the problem or two together). No problem when the Lumetry Scopes panel is leaving with default Waveform (RGB). But with "float"setting no problem at all. -
We are looking into this issue and taking it very seriously. If you can supply us with a detailed description of your system and PPro version it will be very helpful in narrowing down the problem.
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Anonymous commented
Same problem... I can add Lumetri/scopes to other panels and it works flawlessly. A dedicated Color panel? Forget it!
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Anonymous commented
New features (color match, etc.) are incredibly useful -- when they work. The crashes are crippling however. Trashing preferences as a workaround? This has to be fixed quickly.
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Anonymous commented
Several people are complaining about this in the forums. No matter how many times you use the clean tool or reset premiere or remove the layouts folder it still crashes.