Alexia Tsotsis of TechCrunch is reporting that the New Final Cut Pro Is Real, And It’s Spectacular (And It’s Expected Spring 2011):
'According our very own people familiar with the matter, a small group of video editors were on the Apple campus recently in order to preview the new version of video editing software, which is in the same space as Avid and Adobe Premier [sic]. Apparently Apple is still putting the finishing touches on “the biggest overhaul to Final Cut Pro since the original version was created over 10 years ago” and wanted pro user feedback. Emphasis on “pro.”
One source described the new release as encompassing everything from low level architectural changes to a complete redesign of the user interface. It’s safe to say the newest version will be 64 bit as that’s what users have clamored the most for.
Early reports from people who have demo’d the new Final Cut Pro (FCP 8?) say that the changes are “dramatic and ambitious” and should alleviate concerns that Apple has shifted its video editing focus from the professional to the consumer space, shutting down work on FCP . Apple plans on releasing the new product in Spring 2011 according to our source, in a launch possibly coinciding with the National Association of Broadcasters conference.'
Update: Larry Jordan went to this meeting and said, "I've Seen The New Version of Final Cut Pro… and it’s a jaw-dropper."
Later... Philip Hodgetts wrote A new 64 bit Final Cut Pro?, while an Apple Insider forum was abuzz with entertaining comments.