That would've warranted an event.
But we're closer than ever. iPadOS' new desktop class features and the M1 and M2 iPads easily capable of running Final Cut, all that's needed is a new storage paradigm for Final Cut. While some iPads have 1TB, most do not and these days that's not enough for 4K video. Guessing iPadOS 17 will introduce virtual storage that looks local but offloads to the cloud gradually when on WiFi and brings files to local storage when anticipated, making it all feel seamless. That would break down the final barrier to Final Cut Pro on iPad.
They need to add a SDXC slot first to m1, m2 iPads