Sorry Apple.. but I just found a 3rd party app that WORKS. I can't beleive that I have to go this route to do something like this for Apple to Apple Apps that SHOULD all be compatable and working.... but oh well... like I said, another thing to chalk up about LION that I hate
This is a FREE app that will convert video for iPod, iPhone Apple TV, and more...
check it out... it's peppered with ads... but it's FREE and it WORKS.
I apologise - QT pro IS broken but i dont think its the export function exactly. Every test we have done was from Prores files - so we conveted the prores to mpeg 4's with QT pro - and the Export for iphone and Aplpe TV - works now.
But Quicktime Player 10 ( read lame kids toy here) canont play the file back - but QT pro can.
I am still in disbelief that Apple is abanding the pro market, but tossing QT pro for the player last year was my first hint of abanding the pro ship ...FCP X was the next shoe to drop...
But.... as other have said FCP 7 runs BETTER under Lion - so indirectly we DID get an upgrade to the pro version of FCP.
So we limp on.