You seem to miss the point...
Why produce an 'update/upgrade' to a product that requires the established professional user base to not buy it until it supports the functionality of the 'older' product, if it ever will; it makes no logical sense. FCPX is not an update/upgrade, it is a new product that has merged iMovie and Final Cut Express, call it iMovie Pro, if you will. It is most certainly NOT Final Cut Pro, not an update and most definitely not an upgrade.
As a facility that uses Final Cut Pro in our workflow (along with Avid MC) we are annoyed with Apple calling their new product FCPX as it completely undermines the credibility of any post facility exclusively using FCP. FCPX has been positioned to appeal to the individual user who is using consumer/prosumer equipment, it is not aimed at post production facilities. Once upon a time, we sang the praises of FCP to our clients and fought an uphill battle to gain respect for Apple's emerging product in our broadcast market. Apple has completely destroyed that investment of time and energy. We will not be investing any time in the FCP argument going forward. Unlike some, we are in the fortunate position to have Avid MC in house too, as some clients could just not see FCP as a serious tool, no matter how hard we sold FCP to them.
As a professional editor, I'm disappointed, as I had a preference for FCP, in spite of the fact that I have been instructing others how to use Avid professionally for some years now.
I suppose it was inevitable. Apple is a consumer products company now, that's it. I wonder how many more revisions of the MacPro there will be before it disappears too.