Richard, let me disagree... as editor, working with computers and video since the mid 80's I have to say that FCP X it's the 1st real step ahead since the timeline was invented.

I have worked with many systems... now afters a few months of using FCPX, the rest of apps seems to me as old as going back to U-Matic editors. It's ultra fast, I do the same as before in half the time... it's a sample of the future of the editing... obviously, there are lot's of lacks, but this is why is version 0... just a "taste" of what is coming.