Almost.

If you want to use a Final Cut Pro X project, in soundtrack pro, color or really any program that imports fcp7xml this program is great, well except if you want to use it in FCP7... it is very lacking in what gets transfered over. (which they polietly tell you in Xto7 support PDF but not here on the main page. (i think they know the product is slightly weak sauce, and dont want to announce it on the main page)

Im sure this program was complicated to make, but if youre goal is to edit in FCP 7 after working in X this is greatly over priced, and might not actually save you that much time, when rebuilding your project in 7.

FightswithWalls about XtoCC