It's been really entertaining watching everyone freak out over the release. Yes there are some defeciencies like multicam support, XML, unable to open FC7 files...but no doubt Apple will fix these.
To be honest, I've heard very little solid reasoning beyond the OMG!@111!! IT LOOKS LIEK IMOVIEEE!!11!
Almost everything is there, it's just in a new menu or a different click away. Initially I though...UH OH, but once I started futzing around with it, I like it's processor support, speed and integrations.
While I think it's not 100%, it definitely has potential and that's good considering it's essentially a brand new app.
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