Well, it's sitting on both of my computers at the moment, unedited. Why, you ask? Because Snow Leopard seems to have borken the aging version of Final Cut Studio I have. Specifically, it has broken the P2 importing function. I've not found any resolution on it.
I also discovered that the Duel Adapter I have to read P2 cards directly via the ExpressCard slot won't work, and I've read stuff on various video sites that say it won't work ever, blaming the manufacturer for being dicks and in turn blaming Apple.
Anyway, I can't help but wonder if I shouldn't just break down and buy the newer version of Final Cut Studio, in part because then I can also edit the AVC stuff my consumer camcorder makes, get the Color app, and the newer version of Compressor, which has enough tweaks to make desire it. It's just not a particularly good time to buy it.
I'm gonna give editing it a shot in Premier Pro, which I've used never. At the very least, the CS3 version does a nice job importing P2 without transcoding, which is awesome.