It's not an FCPX tutorial, but it's not far off. Nice to see somebody who knows iMovie talk well about its relationship to FCPX.
We think this video has probably reinforced the feeling that there is a lot of crossover between iMovie and FCPX. The genie move sucks though and we hope that's not in the new release! We will certainly be watching Matts' YouTube channel when Final Cut Pro X is released as it looks like he has a pretty good head start over the rest of us.