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via Engadget: http://www.tuaw.com/2011/04/12/final-cut-pro-announcement-at-nab-supermeet/
The new version includes improved media management and improved image quality built on “modern foundations,” with top-to-bottom color management and a new look. FCP X features resolution-independent playback all the way from SD up to 2K and 4K formats. It now leverages Grand Central Dispatch to take advantage of all cores on the Mac plus the GPU. The crowd goes wild, especially as Steinauer suggests that the ever-popular render bar will now be a thing of the past.