"The next feature release of Final Cut Express will be a Universal application, which will run on both PowerPC- and Intel-based Mac computers."
So, not only will you have to pony up $99 to upgrade (if you are a current user), but you'll have to wait god-knows-how-long until it actually is released.
Come on Apple, if you are going to make us buy a full ugprade, at least give us a window of expectation. Q3 2006? Q4 2006? Q1 2007?