Melodyne plug-in bouncing audio

Select the track w/Melodyne then go to Edit>bounce to track. Set your Bounce parameters;
Source Catagories: to Track, Choose stereo or mono, if you want dithering select it or choose None. Then press OK. A new track will be created at the bottom of the track view. Hope this helps.

It is best to bounce your track once your happy with your results. The Melodyne interface requires it own copy of the source material, so you must pre-load the audio by playing the track through once.
Do all of you correction/changes, then bounce to free up resources.
Any tracks over 45 sec to 1 minute are painful waiting for the correction
to take, so for a 3-4 minutes song, I had to break it down to 3 lead vocal tracks.  It is a bit of a hassle, but their algorithms yield excellent results.
I still use V-Vocal a lot for backing vocals, but if I`m tuning the lead vocal track, I use Melodyne. If I`m mixing down to a final mix, all the Melodyne tracks have been bounced. I never run more than 2 instances of Melodyne, I always bounce and do a save project often.
There are a few crashes here and there, so save your project frequently.
It works, but needs some Sonar integration improvements soon.
I love the tool, just not quite user friendly yet.

Don Belisle
XP Pro Sp2
Quad Core Intel QX 6600 2.4 Ghz 
Quad Core Intel QX 9400 2.6 Ghz
Gigabyte and  MSI Motherboards
Motu Ultralite III
Sonar 8.5 PE

I have no problems at all with Melodyne and Sonar 8 PE, but as Don says it is best to break the clip up into smaller pieces. I've never done it, but I suppose you could Bounce to Clip rather than to track.

Doesn't freezing the track mean you can't process it anymore?

Go edit -> Apply Audio Effects.

Also, I'd also recommend doing it in little bits. Melodyne is not sample accurate. It goes faster (or slower, I forget), than it should. So if you do a whole song in one go, you'll be at least a few bars out by the end of the song. :/ So do your tuning before your editing/quantizing (if you do any).

The thing about freezing with Melodyne (Editor) is to avoid the fast bounce.  I have had weird results with the fast bounce option, but it works gloriously well when that option is unchecked.

Freezing a track applies all FX including Melodyne as set at the moment of Freezing. If you need to apply anything different, apart from fader gain/panning etc which can be done anytime froze or unfroze, you simply unfreeze the track and apply your changes to FX or Melodyne and re-freeze. I do this all the time. It is bouncing essentially but the same track your material is already in. Works great!