Yeah, we're definitely sticking with FCP 7. Our clients demand tape output, we get all of their masters on tape, we need SDI out through our Blackmagic boards in order to see what we're doing, EDL/XML import is critical for us because we use it to do burned-in subtitles.
Not being able to import an old project is just crazy. I mean, I can't think of any application I use that can't open/convert an older project to the current format. We have jobs going back 10 years that we need to have access to. I guarantee the minute we delete FCP 7 from our system, an old client will call wanting changes made to something from 2003!
If this is the direction Apple is headed with this app, well, it's pretty sad. We can hold out with FCP 7 for a few more years, but there's going to come a time when an upgrade will be necessary due to hardware changes. Things had better change. This is a massive step backward.