You should review the MacProvideo tutorials by Michael Wohl before dismissing it totally. This product has a lot more power that meets the eye. If you spent a little time with this product. It will surprise you.
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I found this article very interesting as I just now explored the new Final Cut. Decided against buying it because it seems like a souped up iMovie and not something that works well with other software for some intense editing.
Very interesting commentary by the man.