This is my position:
I was pretty much conviced that FCP would be totally useless (just watching the filmed demo ). I bought it with compressor 4 because I wanted to use the 64 bit power of compressor 4. Producing mainly TV shows, my point was to speed up mpeg2 encoding.
And it did: ONE TIME.. The first time I turned Quick Cluster on i was able to transcode a 20 minutes show to Mpeg2 in about 1.5 minutes!! amazing, and the quality was great.
I felt ok spending money for a totally useless editor.
But then it never worked again!!! for the past few days: getting "Quicktime Error: 0".
Even tough Compressor is supposed to work with any supported f"freestanding" file, it only seems to work when exporting from fcpX at this point
SO until i get it to work again, I feel i wasted my money