Apple making the latest version of Final Cut into iMovie Pro is not an immediate panic for us. I'm sure we can ride out Final Cut Pro 7.x for the rest of the year or, heck, even into next year.
I'm just going to go ahead and quote PSA from his response to the post below:
i need to upgrade my machines before worrying too much about the software side. from what i've been reading, the most recent version of premiere, cs5.5, is much more stable. given a box with a mercury capable card, it should chew through huge projects with relative ease, not to mention all the dslr codecs being native. as for final cut ex, it looks a lot like the imovie interface on steroids. me no likey. i was forced to do a job in imovie (so the client's wife could make changes... shudder) and it was a retarded nightmare. a film strip mr jobs, you finally get around to applying the magical shiny miracle rub to the pro-editing wares and you give us a film strip interface? no wonder the BBC ditched apple and put premiere on all of their editing desks.Being able to work without converting to ProRes has a huge advantage for us. Then I started wondering, "How much does Premiere cost?" And the attractiveness of Adobe Premiere became even greater. You can get Premiere, Photoshop, and AfterEffects from a subscription for $85/month. You can activate the suite on two computers for that price but you can only work on it with one computer at a time. That seems pretty fair.
I know from experience that editors who know one of the programs (Premiere or Final Cut Pro) can jump on the other program very quickly. They're practically the same interface.
I have had very bad experiences with Premiere. Apparently if you type "Adobe Premiere Sucks" into a search engine, one of my posts will come up in the top ten. But I've also gotten it to work. So the program has had it's ups and downs.
And it's not like there isn't a history of Apple telling its professional user base to shove it. Hey -- anybody remember when Apple yanked the SCSI interfaces off their computers even though every graphics professional had a SCSI scanner? Good times.
So we're going to ride out the Applestorm for another year and see what happens.