I got bored half way through the Final Cut Pro X FAQ posted by Apple because I thought it was too verbose. If you want to save time reading (and perhaps spend it on editing instead?), check out my ‘simplified’ version below:
Final Cut Pro X is a breakthrough in nonlinear video editing.
Can I import projects from Final Cut Pro 7 into Final Cut Pro X?
Can I import my video directly into Final Cut Pro X as I could in Final Cut Pro 7?
Can I edit my tape-based workflow with Final Cut Pro X?
Yes, in a limited manner.
Does Final Cut Pro X support multicam editing?
Not yet, but it will.
Does Final Cut Pro X support external monitors?
Can I save different versions of my project?
Are keyboard shortcuts in Final Cut Pro X different from those in Final Cut Pro 7?
Can I use my third-party plug-ins in Final Cut Pro X?
As soon as they are updated.
Can I specify a scratch disk location?
Can I share projects with other editors?
Can I store media in locations other than my system drive?
Can I hide Events that I am not working on?
Can Final Cut Pro X export XML?
Does Final Cut Pro X support OMF, AAF, and EDLs?
Can I send my project to a sound editing application such as Pro Tools?
Does Final Cut Pro X allow you to assign audio tracks for export?
Not yet. An update this summer will.
Can I customize my export settings?
Can I purchase a volume license?