Both impressed and disappointed if CP1's info is correct, especially the lack of support for legacy projects. We often reference past projects for footage and edits for use in current projects. It would inconvenient at best to have to keep both copies of FCP around just to open old projects. Even then one couldn't bring in old edits that just need a GFX update for example.
Thanks for the cites BTW Cp1. Despite what prosumers believe Rs422 isn't going to vanish overnight in the professional realm. There are still allot of HDCAM decks (for example) in use; When you spend $50k on a deck and another $50k on the cameras etc etc you're not going to flip them all that soon.
Does anyone know what will happen to Color? Are all of Colors features integrated into FCP now? Doesn't sound like it. Not that I like to upgrade every time a new version comes out, but these issues will slow adoption amongst pro's for sure.
I've been looking into Avid MC 5.5 and I think we might just pick up a copy or two especially since we have to start projects over anyway. MC is allot more expensive though and definitely not for prosumers. I have to see what auto duck is up to these days for converting the projects from Avid to FCP, but at least there's a known avenue for getting old projects into a new workflow.
The Avid demo is full functioning BTW for 30 days. I was thoroughly impressed with the update and it was nice (like a Bentley is "nice" compared to the monstrous A8

) to be in the Avid drivers seat again. MC is definitely for pro's . Phrase find for example is an incredible feature and its mixed and 'RAW" media support is unmatched in FCP IMO.