And the exodus I spoke of begins. In Final Cut there is no (updated: good) way to edit DSLR footage without transcoding. In Premiere Pro CS5, now shipping, there is. I'm also hearing anecdotally that Adobe finally took the "Pro" moniker seriously and the latest version is significantly more stable than previous versions. Here's Jason Levine with an 8-minute demo of DSLR editing in CS5.
[via Philip Bloom]