I picked up FCE about a year ago to work on converting a ton of older home movies onto DVD and to work on soccer videos for my daughter (she plays on a premier soccer team). I never got around to spending much time with FCE and am now close to starting this work. I realize that I already own FCE and would have to shell out the money for FCP X. I am willing to do so if it warrants it. I realize FCP X has gotten a lot of flack from pros, but seems to me it's gearing itself more towards people who want more than iMovie. I could try FCE and upgrade later if I'm not happy with it but it seems like a waste of time to get up to speed on a dead product. I'll be working on a 2010 27" i7 iMac with 12 gig of RAM running Lion if that matters. What do you think? Stick with FCE or jump up?