Apple has just released an update to Final Cut Pro X, their executive video editing software suite, which adds multi-camera syncing and broadcast monitoring suport. Final Cut Pro X 10.0.3 also includes enhanced XML, so it can talk with third-party plug-ins more easily. As always, there's a bunch of great audio, animation, and color correction tools in there which professionals have come to rely on.

So, okay, okay, maybe Final Cut Pro X is a little overkill for something shot on your iPhone 4S, especially with iMovie available right on the device, but if you're knee-deep in the Apple lifestyle, maybe you like adding an extra layer of polish to your mobile videos. Or if you just shot your new music video with a four iPhone setup and need that new multi-cam sync. (Hey, it happens!)

Even though Final Cut Pro X is clearly built for, well, pros, it's still interesting to see some people kit out their iPhones with all manner of video-enhancing accessories. While I can't speak much to the quality of those videos versus something done with a "real" camera, I still admire folks who try to close the gap. A full-blown version of Final Cut Pro X on iPad -- even the iPad 3 is still the stuff of legend, but I'd love to see a bunch of mobile companion apps to enhance desktop publishing. Adobe's done a lot of stuff like this, and I think a similar strategy for Apple would be a great way to keep an iPad in the workflow. Even if Apple doesn't take up the call, maybe the enhanced XML support will enable third parties to make some cool iPad companion apps for Final Cut Pro X. There are just so many separate panes and menus to keep in order when editing video, that it would be nice to shunt a few of the less vital ones to a separate display. Full press release after the jump.

CUPERTINO, California—January 31, 2012—Apple® today released Final Cut Pro® X v10.0.3, a significant update to its revolutionary professional video editing application, which introduces multicam editing that automatically syncs up to 64 angles of video and photos; advanced chroma keying for handling complex adjustments right in the app; and enhanced XML for a richer interchange with third party apps and plug-ins that support the fast growing Final Cut Pro X ecosystem. Available today as a free update from the Mac® App Store™, Final Cut Pro X v10.0.3 also includes a beta of broadcast monitoring that supports Thunderbolt devices as well as PCIe cards. Final Cut Pro X v10.0.3 includes a collection of groundbreaking new tools for editing multicam projects. Final Cut Pro X automatically syncs clips from your shoot using audio waveforms, time and date, or timecode to create a Multicam Clip with up to 64 angles of video, which can include mixed formats, frame sizes and frame rates. The powerful Angle Editor allows you to dive into your Multicam Clip to make precise adjustments, and the Angle Viewer lets you play back multiple angles at the same time and seamlessly cut between them. Final Cut Pro X builds upon its robust, one-step chroma key with the addition of advanced controls including color sampling, edge adjustment and light wrap. You can tackle complex keying challenges right in Final Cut Pro X, without having to export to a motion graphics application, and view your results instantly with realtime playback. In the seven months since launch, the third party ecosystem around Final Cut Pro X has expanded dramatically. XML-compatible software like DaVinci Resolve and CatDV provide tight integration for tasks such as color correction and media management. The new 7toX app from Intelligent Assistance uses XML to import Final Cut Pro 7 projects into Final Cut Pro X. In addition, some of the industry’s largest visual effects developers, including GenArts and Red Giant, have developed motion graphics plug-ins that take advantage of the speed and real-time preview capabilities of Final Cut Pro X. Broadcast monitoring in Final Cut Pro X is currently in beta and allows you to connect to waveform displays, vectorscopes, and calibrated, high-quality monitors to ensure that your project meets broadcast specifications. Final Cut Pro X supports monitoring of video and audio through Thunderbolt I/O devices, as well as through third party PCIe cards. Pricing & Availability Final Cut Pro X v10.0.3 is available from the Mac App Store for $299.99 (US) to new users, or as a free update for existing Final Cut Pro X customers. A 30-day free trial of Final Cut Pro X is available at www.apple.com/finalcutpro/trial. Full system requirements and more information on Final Cut Pro X can be found at www.apple.com/finalcutpro. Apple designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.