Apple today announced a powerful looking update to it’s final cut product.

Apple has priced it at $999, but very nicely priced the upgrade to the new studio at only $299, virtually ensuring that professionals will instantly adopt this new suite.

Apple describes the main features of final cut studio 4 thusly:

As the next major release of the leading video post-production suite, the new Final Cut Studio offers powerful new features, dramatically improved performance, and tighter integration. Its six applications give video editors all the tools they need to edit, animate, mix, grade, and deliver — at a price that’s more affordable than ever.

Applications included in Final Cut Studio
Final Cut Pro 7 for video and film editing
Motion 4 for motion graphics and animation
Soundtrack Pro 3 for audio post-production
Color 1.5 for color grading and finishing
Compressor 3.5 and DVD Studio Pro 4 for digital delivery virtually anywhere — Apple devices, the web, and disc

You can read the full list of new features here:

http://www.apple.com/finalcutstudio/whats-new.html