This Final Cut X is for the future of editing not for the editors that are already using FCP studio 3. FCP X is made for people to use with the iPad, regular people who shoot something with a consumer camera or iPhone and need to edit while sitting on a couch while eating cheetos... not us power users who pay our rent and mortgages from editing.
Since editing software is a very very small part of apple profits we as a group can be tossed aside for the grand scheme. The average future touch screen device editor will never need TeleCine or most of the other goodies. H.264 video comes off their little device by memory stick and can be edited quickly, uploaded to YouTube for viewing by grandma and America's Funniest Home Videos... ha ha ha! way to go Final Cut X ! another funny pet video, har har.
Screw it, screw them, I'm done with FCP once and for all. AVID is much better, and it's their bread and butter. Editing for apple is marmalade. AVID is bending over backwards now for customers and the product is much better than FCP.