I just don't get why everybody thinks FCP is so great. Every time I have to help my friend do something in it, we spend hours trying to figure out why it doesn't work.
For example: she had an animated .gif file with a transparent background. Put it in FCP, the background ISN'T transparent. Fool around with changing the alpha settings. No dice. Try a non-animated GIF. No good. Try a PNG. Transparency works there. Look in help. No help. Google around. No help. Post to the CreativeCow FCP forum. Advice: GIF doesn't support transparency. Well, yes, it does.
Me: Drop same animated GIF into Vegas. Background is transparent. Drop a non-animated GIF in. Background transparent. PNG, MOV, WMV, whatever you want, drop it in, IT JUST WORKS. (By the way, did FCP ever get it so you could use MP3s direct in the timeline???) Life is good.