Not at all. Final Cut is an editing application, After Effects is motion graphics and compositing. You can do basic compositing in Final Cut, but nothing near as advanced as with After Effects, but you can’t really edit in After Effects (you could try but you’d want to kill yourself). You also can’t lay back to tape with After Effects.
If you want to edit, get Final Cut, if you want to composite, get After Effects. With FCS2 you’ll motion, which is close for basic motion graphics, and has great templates and ready to go material, but for really advanced compositing, After Effects is king.
Richard Sanchez
North Hollywood, CA
“We are the facilitators of our own creative evolution.” – Bill Hicks