Final Cut Pro update will be the “biggest overhaul” since the original

Premiere boasts 64bit and GPU acceleration. Legacy GUI issues aside on Final Cuts behalf, the fact is premiere is fast. And now with Smoke on Mac for the more serious editors (looking to invest in extra hardware required for realtime 1080p/2k/4k/... editing), Apple have a lot to catch up on. Digital Domain and The Foundry saw Apple Shake into a shallow grave and nailed every nail into the coffin with Nuke.

Shake and Final Cut were purchased by Apple to bolster macs in the media market. It's disgraceful shame they let Shake die.

Current versions of FCP are still stuck using OS X 10.4 ways of doing things.

There have been huge changes in OS X since then, with a remake of Quicktime in Cocoa and all the new HPC tools like GCD and OpenCL...

Apple has plenty of opportunities to make progress.

FinalCut Pro is probably one of the very last big Carbon app, and as such is still stuck in 32 bits land. Particularly unfortunate for a video app.

Hopefully this means they'll finally release a 64-bit version of QuickTime too!

There's been a hell of a lot of updates of FCP the last few years. I'm not sure how much is relevant innovation and how much is simply a strategy for dealing with piracy.