There is a lot more to this (and I'm not sure you read my reply carefully). Sorry about the term "open source" as I used it incorrectly.
"I dislike the term open source. I feel we really need an industry leader to dictate what the standard should be withe respect to meta-data and timecode. There must be an inflection point for lost sales of Deva/Fusion units compared to licensing revenue, and I would guess that they have much more to gain from increased IFB sales compared to lost recorder sales."
There are definite standards for smpte timecode and Zaxcom has not hidden or abused these in any way. I believe they are using USER BITS and the user bits are just that: bits (area) the a user can use. So, Zaxcom is using this area to embed all sorts of control data, metadata, etc.. There is nothing proprietary, nothing that says the user bits have to be used just for this or that. The problem is not a lack of standards it is that no other manufacturer that I know of is putting control data and metadata in their implementation of timecode. If one wishes that scene and take information could be put in the user bit area of the timecode output of a Nagra VI or a Fostex 606 or an SD 788T, this is not something that Zaxcom can do. Therefore, whether there are standards, whether Zaxcom doesn't want to tell anybody else what they are doing because it will hurt sales, whatever, some of the functions of the ERX or Zaxnet or remote control of wireless transmitters, etc., is just not possible when using another recorder.