Dave is a teacher and uses Final Cut Pro 7 with it's log and transfer utility teaching video editing. Ever since he upgraded to OS X Mountain Lion, that function has been broken by Apple.
Leo says that there are some great Final Cut User Groups on Apple's site. Leo suggests FCPUGnet. Many have left Final Cut for Avid and Adobe Premiere because they feel that Apple has abandoned the professional editor. He thinks that Apple is making so much money on iOS, they just don't need to devote too many resources to the professional market.
The other option is Final Cut Pro X. Easier to learn on and will eventually get all the features. At least in theory.