StudioDaily has a great compilation of some of the facts regarding Final Cut Pro X, covering everything they can find online, on Apple’s website, and via personal experience.

It does feel like, at least at this early stage, FCPX is a love it or hate tool. It is an extreme departure from how Final Cut Pro 7 operates on almost every front. It is indeed more like iMovie than FCP7. No matter what you read, the truth is that it will take some time to really shake it out. I was bewildered at first but see some real good lurking within it. I’m currently testing how a music video edit might work and see some nice features that will help me. I also see some silly omissions. Here’s my down-and-dirty attempt to bullet point only the basics you need to know if you’re contemplating FCPX.

via Studio Daily Blog » More Thoughts on Final Cut Pro X.