Having used FCP since version 1.25, the reality is that this is an evolution. Just as SDHC cards and HD video have become available even in consumer level products, Apple decided to ditch the interface for multiple cameras and video tape. Why not just import the clips from an SDHC card and catalog them from the various cameras and then bring the clips up, do your edits, drop to the timeline and finish the product. Oh no...we are talking about ditching tape? Tell me why you need a Kona card if the future is all quicktime clips on SDHC cards?
Yes, you can have your media on other drives when it catalogs the clips. Just a matter of having digitized clips on different sources. Yes, the interface is vastly different. Yes, there is functionality. Nobody wants to admit that all of that great gear is now getting long in the tooth, and will have limited functionality. If it that much of an issue, then stick with FCP 7, Kona boards, Matrox boards, and import logged clips from all of those multiple cameras with video tapes running. FCP 7 still works. Yes, even my 8 year old PD 150 still works, however, do I want to mess with mini-DV?
Some folks will move to a completely digital workflow. Setting in and out points, logging video in and out points will become a thing of the past when you can just move the files over via a finder copy and then let FCPX catalog the clips.
Yes, I am sure Apple left Photoshop layer utilization out of version 1 of FCPX. Why would they share their new version with Adobe? Apple may be encouraging folks to move to Motion for the video layering and titling. Just a guess. At some point soon, that functionality will be restored.
I am not getting weirded out by the direction. It will be okay. As for external monitors, yes, it made a great deal of sense when we all were outputting to Never the Same Color (NTSC) monitors, and we had to confine our work to the 255 spectrum. With LCD/LED flat panels everywhere, and digital output, monitoring on output will not be as much of a factor as the olden days. Yes, it is a change.
As for DVD utilization, I can see where DVD is a dying format. So is Blu-Ray. I would not be surprised to see SDHC cards used for distribution of movies in the future, or just digital downloads. Apple has always been a few years ahead of the workflow. While Apple has their lapses at times, I am not sure FCPX is bad. I think some folks will want to cling to their old equipment, workflow, and methods. Some will move to Avid. Some will perform great work with FCPX. A good editor will make great stuff with iMovie or FCP (regardless of version). Some folks will make schlock no matter what program they use.
It will be okay folks. Of course, some of us still miss Lotus 1-2-3, DOS, and WordStar. Some still mourn the passing of WordPerfect. I know I miss WordPerfect for the Mac. It will be okay. FCPX will evolve as well.