CrumplePop, a video effects plugin company, was originally skeptical of FCPX before it was released but is now betting the farm on it:
Our conclusion is that FCP X will be the best option for the largest number of professional editors going forward. We have started to port all of our products to FCP X, and hope to have this complete by late summer 2011. We won’t be supporting another NLE.
As developers for FCP, we have a strong bias in favor of FCP’s continued success. That said, we had spent much of the year prior to FCP X’s release expecting that we might have to leave the platform. We were hearing the same rumors that everyone else was – that FCP X would be another iMovie, wouldn’t be pro, etc. – and we were ready to bail. Happily, we don’t have to. While there are obviously missing features (like a comprehensive redo of Compressor), the foundation of FCP X is extremely solid. FCP X, for the reasons listed above, is going to be what most professional editors use to edit. Maybe not tomorrow, but likely within a year. In many ways, FCP X is ten steps forward, three steps back. It’s not perfect, but as a company, we’re comfortable betting everything on it.