You want to update your editing system, but after you heard all the hub-bub about the new Final Cut X, you just aren’t sure what you should do. Fear not, Apple Inc. seems to have relented and the internet is abuzz with word that Final Cut Studio is back on sale until the remaining stock of packaging is exhausted.

Rejoice, cry out from the mountain tops with your train of little children in tow (after you figure out just where to find the package to order as apple has not made it easy to find yet).

So if you were dragging your feet and not taking advantage of the Adobe switch offer, or were afraid that Avid’s options are just a little to “giant studio” for you, you can get the package that some many filmmakers have come to know and love.

Did you take the plunge into Final Cut X but found you need some of the features that are no longer available? I’m looking at you multi-camera editing and Edit Decision List importing. You’re in luck too! With a small amount of a headache, you can run both the sleek fast 64 bit Final Cut X on the same machine with these instructions, though not at the same time.

Are you using Final Cut X? Did you change workflows after the release? Share your thoughts with us in the comments.

UPDATE:

If you wait for it, the features will come. Or so Apple promised and they are delivering.

Today Apple announced a major update to the Final Cut Pro X application available through the Mac App Store. The update covers several features that lead many to cry out loudly when they found them missing from this complete re-write of the application. Over at TheLoop.com there is an interesting conversation between the Loop and Apple’s Richard Townhill that is worth a read.

The updates outlined on Apple’s Final Cut Pro X updates page include:

• Media Stems Export
  Traditional, track-based editing systems require you to constantly rearrange and disable tracks to export audio and video stems. With the latest version of Final Cut Pro X, flexible metadata removes the burden of track management. Use the new Roles tag to label clips — dialogue, effects, music, and more — then export a single multitrack file or separate stems based on your tags. You can even apply Roles to video clips and graphics for a powerful new way to deliver separate files for versioning and localization.
• Rich XML Support
  Now you can import and export Final Cut Pro X project and Event information via a rich XML format. XML interchange enables a wide range of third-party workflows, including high-end visual effects, color grading, and media asset management. Blackmagic Design’s DaVinci Resolve, Square Box System’s CatDV, and many other third-party applications will offer XML-based workflows with Final Cut Pro X.
• XSAN (file server stored and sharing)
  Create and edit your Final Cut Pro X projects and Events on XSAN. Ideal for multi-user workflows, you can import media through Final Cut Pro X and place it directly on the SAN. Multiple users can access the same source media, and each editor can create separate projects and Events on the SAN. Users can then edit from any system attached to the SAN, making it easy to move between computers and continue working.
• Camera Import Software Developers Kit
  Camera manufacturers can use the Camera Import SDK to write plug-ins for importing media from a wide range of cameras. For example, Sony is updating their XDCAM EX plug-in to support native import directly into Final Cut Pro X.
• GPU Accelerated Export
  Harness the power of the GPU on your graphics card to speed up foreground export.
• Custom Starting Timecode
  Set the start time of your project to a custom timecode value to accommodate color bars and tone, or to meet broadcast delivery specifications.
• One Step Transitions on Connected Clips
  Add a transition to a connected clip or between multiple connected clips without manually creating a secondary storyline.
• Full Screen View in Lion
  Use every inch of your display when working in Final Cut Pro X. And easily navigate to other applications with a swipe.
• New Theme: Tribute
  Access the new Tribute theme, with four animated titles and a matching transition.

But wait, there’s more!

Apple will release a second update in early 2012 (which could mean any time up to or shortly after July 1) which will cover both Multicam Editing and Broadcast-Quality Video Monitoring.

In addition to this, Apple is also made a large departure from their Mac App Store model by allowing potential buyers of the $299.00 application to TRY BEFORE YOU BUY. This 30 day trial will be helpful for those still not sure if the Pro App is ready mature enough for them.

For those of you on a Mac that meets the minimum requirements; happy downloading.

Be sure to tell us in the comments below what you think of the updated software, and how it compares to the other editing suites mentioned above.