The Final Cut Pro team has since been put back under the direction of Ubillos, according to information AppleInsider has obtained, with the aim of similarly improving Final Cut Studio and making it more appealing and useful to the needs of prosumers. Currently, Final Cut Pro is targeted at advanced professionals with a scaled down, less expensive Final Cut Express version sold to users who don't need all of its high end features. Because Apple now primarily sells the Express version, the company wants to rethink Final Cut Studio and scale its overall development to better fit the majority of its customers."
Eek. The revised iMovie was an abomination. Hopefully Randy Ubillos won't destroy FCS in the same manner.
Steve Jobs has apparently said about the upcoming FCS release:
"We certainly do [care about Pro apps]. Folks who left were in support, not engineering. Next release will be awesome."