Seriously. This is 1.0 version software. Doesn’t anybody remember FCP 1.0? It was seriously lacking in TONS of features that AVID had at the time.
I don’t believe that anybody who is a professional in this industry would be “waiting” for FCP X to add “magic” to your project. Applications don’t add magic, people do. And furthermore, being a whole new program, you are going to need to learn the ins and outs, which will take TIME.
I, for one, am slightly disappointed there aren’t more “pro” features like XML and EDL support, and I’m going to really miss Multi-Cam. But the reality is that I believe the foundation for this software is strong and I should learn this new interface so I can move forward. I’ll still have FCP 7 for those projects that require those advanced workflows. But for smaller stuff, FCP X will do just fine.
Remember, it’s not the tools that make stuff great, it’s how the artist wields them.