Well it was rumoured for some time and we all waited with baited breath but was Apple seriously going to end the pro app that started them off to stardom? Sadly yes they have. What genius decides to make a pro app accessible to the masses? We who use FCP have to make money from our business, so we need a little bit of smoke and mirrors to make our business needed, otherwise our clients will just get a 16 year old in off the street, download FCP (sorry imovie Pro or whatever they have decided to call it) and there you go we are out of work!
It seems you don't have faith in your own ability as if your trying to compete with an average 16 year old. Don't blame the tools alone.
The same thing was said when local garage bands were recording music from an average PC in the 80's. Most record labels won't go to a teenager to record a well known bands music.