Thanks! For whatever reason I wasn’t seeing the .1 update but now I’ve downloaded it and it works fairly well.
I tried first with a very simple edit. 2 minutes, three or four cuts, of a friend playing a song. The video came in perfectly, all the cuts spot on in the sequence/project. In FCP 7 I had synced the video with a mixed version of the audio. The mixed audio track did not come in at all.
Then I tried a more complex edit. 4 minutes, probably 50 cuts, and I’m noticing small gaps between clips in FCP X in a few places and again none of the secondary audio is coming in at all (just the audio with the clips; no music or SFX). Still, I would say this is pretty usable as-is if you want to just move sequences from 7 into X.
I should note that I don’t really use video transitions ever so I’m not sure if those would come in.