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This all started just because I said I hope Final Cut doesn't turn into iMovie. Somehow that turned into iMovie is pro and Final Cut is the Model T of editing.

No, it didn't. It turned into you complaining about iMovie's layout. Now let's try not to clog up this thread and enjoy the show.
 
Does anyone else think there will also be an update to QT X as well? Probably one of the most useless tools on the Mac right now. QTPro is still more useful for work. Just the idea that the buttons cover up the picture at all makes QTX pretty useless. I hope to see a real QTPro X. Bring back the FRAME counter (not just time) and get those controls OFF the picture!!!

YES! Frame counter AND source TC! I still use QT Pro for everything.
 
I don't want to make video the main part of my business, just a complement.
Please don't become one of those photographers who thinks they can "just add video" to their list of services because their DSLR shoots video. It's a lot more complicated than that.

I'm kinda glad FCP and other tools cost as much as they do. It keeps the professionals serious about their craft. Having been on both sides of the fence, being a photographer doesn't make you a videographer and vice versa.
 
http://twitpic.com/4k71a8

It does look like iMovie Pro.

And even though it is a ground up rewrite, 64-bit, modern, professional application, that alone is going to have people complaining about it-- I predict-- even before they've used it and found that it is - I'd bet a large sum- quite featureful in all the ways that are important to a professional.
 
What was the render dialog ?

If a clip needed processing before it could be played back in real time (like if you've added an effect to it, or it was in an un-native format, you had to 'render' the clip, and Final Cut couldn't be used until the render had finished. If you are a professional editor like me, this going is a BIG plus.
 
I love the adoption of iMovies people detection and shot detection features... this is great.... rolling shutter fixing is a feature adobe previewed but typical for apple they do it on import, rather than as an "effect" you can add.
 
Which was understandable back in 2003 but with today's machines it was downright sad you had to 'wait while rendering'.

Hey...forget about Final Cut Pro rendering...it was the Compressor exporting that mattered more to me! It was so frustrating to see a 20 hour render using only half of my computer's resources. I'm more excited to see how that all works now.
 
"Rebuilt from ground up"

:D

Wow that makes me happy. No more KG Core plugin errors???
 
I believe that this is the first update since FCP 6 that I feel like I can venture a few thousand on. I absolutely detest the rendering dialogue, which can sometimes take 6 hours for a simple 20 minute piece of media. The autorender and integration with Grand Central Dispatch will be helpful, especially because this is where it is absolutely necessary. Thank goodness. I am not sure if I like the UI, but that might be because I hate iMovie.
 
The ancient "rendering video..." progress bar you get to watch, which locks you out of every other function.

Annoyed the crap out of me... I edited a 1hr documentary slide show and it was a 20 minutes render on my (former) Macbook Pro i7 with 8 GB RAM.
I'm waiting patently for the iMac 2011 SB and will order the day they are available
 
Great to see all the core technologies they've been talking about at WWDCs and putting into OS X for the past 4 or so years being leveraged here.

GCD, GPU based color correction, resolution independence, etc. This is a genuinely modern app.

I know Adobe hasn't got one that's really modern/
 
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