So you're happy to wait 6 months, except that you're not happy to wait 6 months.
Got it.
Excellent

that just about sums up a lot of the posts here.
Such as all the.. "OMG! It trashes my FCP7" posts.
Except that it didn't
As a rank amateur in the Editing world (note that I admit this, but I wonder how many posters here are actually "armchair" editors?) i have bought this with the sole idea of tinkering with it, and maybe learning a thing or two.
Will instead hang about on the COW website and see what's happening over there. At least a reasonable proportion of people there are actually Pro editors and seem to know what they are talking about.
Like others have said, if you are a Pro, then you would NEVER install a completely new version without giving it a good tryout beforehand, and would certainly never do this on a machine you use to make your living.
My guess is that it is the imminent release of Lion that has sort of forced Apple's hand here. I'll bet that the old FCP codebase probably would have rqeuired so much rewriting to make it run on Lion, that their approach would have to be re-write from scratch.
So PROBABLY ( i stress the word!) either Lion would have to wait, or FCP8 would have required so much tinkering, it wasn't worth it.
I'll bet the updates to FCPX wil come thick and fast, especially once Lion gets pushed out.
Yep there's always some pain when you have to let go of old things that are familiar.
But i'll tell you one thing...I can't wait to remind people about this thread in about a years time, when everybody will have forgotten this!