Has some issues.
"Has some issues"? There were major features REMOVED from the app, it's not like it was a new release with a few bugs here and there. And it was released with no announcement that those features would ever be added back in. Sometimes Apple does the rewrite/remove/add thing, but other times they remove features and never bring them back, or take years.
Example - how's that new version of Quicktime "pro" treating you? And how long ago were all the features stripped out when it got the 64 bit rewrite - wasn't that when 10.6 first shipped?
The reaction to the FCX release was pretty much the opposite of neurotic, it was perfectly appropriate for a botched release.