I think they’ve just renamed “nesting” and made it easier.
If certainly seems like they are dumbing it down. There isn’t a viewer anymore, I guess so the interface can fit all on one screen.
It looks more like imovie than Final Cut.
What happened to compressor, DVD Studio Pro, and Motion?
As a FCP editor since version 1.0, I’d like them to release FCP 8 and add the 64 bit interface. Leave imovie for the consumers.