I have FCP 7. I would have happily continued using FCP into the next millenium. Unfortunately, I just bought a Pana GH2, an avchd cam and the files created by by transcoding to ProRes are huge. I also have PP 5.0 which can handle .mts files so have been learning, a little hassle, but not much.
I see FCPX can handle .mts files natively. But my understanding was that X was somehow just a stepup from FCP Express and saw much frustration about its capabilities. Also, there's that sense among some that Apple is no longer interested in vigorous development of its NLEs and is mostly focused on its iPhone, etc line.
So, my questions:
What is your opinion of X, is it a complete professional package, will it be backed vigorously by its creators, how different is it from FCP7 and how much of a hassle would it be switching?
Is there a site that explains the capabilities of X and its differences from FCP7?