The many rumors have in fact turned out to be true. Apple took the stage at the NAB trade show in Las Vegas, a conference dedicated to digital video professionals, and demoed the newest version of Final Cut Pro, titled Final Cut Pro X.
Apple made sure to mention that Final Cut Pro X has been "rebuilt from the ground up" in order to ship with 64-bit support. That means this will be the first version of Final Cut to be able to utilize more than 4 GB of Ram. The new version can also handle 4K video with ease, and, possibly most importunely, the new Final Cut will render in the background, allowing instantaneous editing such as in the latest iMove. Final Cut will take advantage of Grand Central Dispatch, an application built into Snow Leopard, that will let Final Cut use all available cores for background rendering.
Other notable features from the keynote: Auto-image stabilization, automatic audio cleanup, range-based keywording (group shots by their range, simply based on their keyword) clip connections (lock audio to video no more V1 and A1, A2).
It should be noted that there was no mention of the remainder of Final Cut Studio, and no mention of an update for Final Cut Express. This looks like an extremely significant update to one of Apple's most popular pro applications. Final Cut Pro X will be available in the Mac App Store in June for $299.
Source:
MacRumors FinalCut SuperMeet Coverage
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