There have been a few rumours that we have stumbled across about an FCP8 update but nothing we could really peg any thing on. Not any more, Techcrunch has stuck its head out and published.
To quote Techcrunch-
According our [sic] very own people familiar with the matter, a small group of video editors were on the Apple campus recently in order to preview the new version of video editing software, which is in the same space as Avid and Adobe Premier.
One source described the new release as encompassing everything from low level architectural changes to a complete redesign of the user interface. It’s safe to say the newest version will be 64 bit as that’s what users have clamored the most for.
Early reports from people who have demo’d the new Final Cut Pro (FCP 8?) say that the changes are“dramatic and ambitious”