Guys, thanks for a little reality check on this thread. Need to cut tapeless now? Look at Premiere Pro CS5. You'll be celebrating "Miller Time" while others are still transcoding to ProRes.
BTW, HandsomePete. They use Avid, FCP and CS5 at Pixar. FCP isn't used for cutting the movies, Avid is. FCP is just for the pre-viz stuff. I know, I worked on "Nemo" and "WALLE" as an After Effects pre-viz artist.
Given that they had more than a dozen Shake licenses at the time, why would they use After Effects?