If there's one thing I've learned over the years, it's to not fix something that ain't broke. Typically I'll wait at least 6 months and monitor the discussion forums before I do any updates to FCPX, Motion, Compressor or my OS. By monitoring the forums before updating, I can see if there are any glaring issues and if those issues will affect my workflow.
This time, I only waited a month and took a chance. The expanded color control functionality pushed me to do it. With it being my slowseason, I wasn't doing much importing of anything. So for weeks I didn't think anything was wrong until I had to do some importing and found the issues with the AVCHD files. Thank goodness I still had 10.3 on one of my machines.
At the end of the day though, I always give Apple the benefit of the doubt. If it was not for the original iMovie and then the original Final Cut Pro back around 2000, I never would have gotten into video editing nor started my own business. The Apple ecosystem has made my career possible, and for that I'm forever grateful. I mean, I still have power mac's that can run FCPX. If I would have chose to upgrade the CPU's and other things, they'd still be great machines. The iMac's I'm using are nearly 7 years old and still humming along.
On top of that, the entire FCPX bundle is next to dirt cheap. Unlike the alternatives where there's hefty subscriptions or huge pricetags to begin with (and charges for updates). So when something goes bad, like an iPhone, I don't mind spending the money for a new one. Apple's saved me thousands over the years by not charging a subscription to use their editing software... not to mention the general reliability and long life of their hardware (desktops, laptops, etc.).
I've used the other software options too for editing... and FCPX is by far the best, to me at least.
Unfortunately there's growing pains with any update. It's rare when an update comes out and everything works as it should. This can be said of the alternatives out there, too.
I guess my point it, I try to keep things in perspective. Apple's helped me make well north of 7 figures while I've been in business since '02.
But if there's one thing I've learned, it's to BE PATIENT with updating any software or OS. Usually after 6 months any bugs are worked out. Sadly, I didn't take my own advice with this last update, lol.
Cheers!