I think you’re right on Jeff. It works differently in FCP than in AE. In AE it’s a temporary key press and also a temporary ‘state’, in FCP you toggle snapping on and off making it a more permanent state, just as you said. Also, in the upper right corner of your timeline, alan, there’s a little button that will turn snapping on and off. ‘N’ is much easier and faster to use, but the button will show you visually if snapping is on or off.
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G5 Dual 2Ghz <> 4GB RAM <> FCP 5.02 <> Kona 2
ATTO 42XS <> Huge Systems 1.25 TB 4105 Fibre