David Lawrence has an excellent article over at Creative Cow.
He really sums it up in a Creative Cow Forum Post.
Believe the hype, the Conan boys are right. It really is Adobe’s Final Cut Pro 8.
Though later says:
Is Premiere Pro 6 Adobe’s Final Cut Pro 8? If you ask me, the answer is no. It’s something different and potentially better. Is there room for improvement? You bet. If you miss certain features, let ’em know. They’re listening.
I am so looking forward to Premiere CS6, and do hope it is an FCP 7 replacement, though that also makes me wish for more NVIDIA CUDA cards for the Mac, or it looks like editing is going to move all PC in the future.