Re: oh good god, people. *DON'T PANIC*

All very well put. I work in a similar environment - public access. This is going to be revolutionary for people like us. This product reaches a wider market, so it could be argued that Apple was listening, they were just trying to make a broader reach.

My two cents? Apple is listening to the cries. I think they will allow FCP7 support for some time to come. I also think that this product was rushed for delivery, and over the next year we are going to see a bunch of needed features come in (import XML, Multicam, etc...) In hindsight, December might have been a better launch point, but they wanted it now, perhaps to coincide with Lion...I don't really know.

So. Maybe this software is for more people, but not truly for "pros". My guess is the quality of Youtube videos just went up dramatically as of yesterday.