a good friend of mine worked on a guitar DVD series which has done really well, on amazon etc. Started with a triple DVD intermediate version, then did loadsa others. Search amazon for ‘musicademy guitar’ or look at http://www.musicademy.com
he was working in FCP, and it took a LOOOOOOONG time. think the graphics were done in Livetype….. Was using FCP 4 or something, back in 2006 or so. First series took at least 6 months, IIRC.
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you can still do it manually in any version, by adjusting the track motion for each track, so that you can see all cameras at once, then dropping M markers wherever you want to make a cut later.
OR you can download some tools with 15 day trial periods, that will make your life a lot easier 😉