Apple has today announced the release of its popular video-editing tool Final Cut Pro X, launching on the Mac App Store today with a $299.99/£179.99 price tag. The latest version of the software has been completely overhauled and specifically tailored for the 64-bit architecture of the latest MacBook and iMac computers, allowing users to take advantage of a Magnetic Timeline, new Content Auto-Analysis features and background rendering. Apple's press release details each of the new features in Final Cut Pro X: At the heart of Final Cut Pro X is the Magnetic Timeline, a trackless approach to editing your footage that lets you add and arrange clips wherever you want them, while other clips instantly slide out of the way. You can use Clip Connections to link primary story clips to other elements like titles and sound effects, so they stay in perfect sync when you move them. You can even combine related story elements into a Compound Clip that can be edited as a single clip.