David, you make some good points. Whatever someone wants to say about FCPX now and how they handled the release (bad) -- it's true that Apple help democratize NLE's much the way Red is now democratizing digital cinema.
Overall, I'm glad the competition is heating up -- more and more, no one will be allowed to rest on their laurels. Apple has taken something of a blow and it will be much worse if they don't adjust and update over the next 6 mos. MC6 looks very promising, but if they disappoint they will be hurt as well.
There is an aggressive, forced evolution happening now via this NLE war and ultimately we will be the victors -- no matter which side we choose. Better software, more features, lower prices. Exciting times :)