Apple on Tuesday unveiled the latest version of its professional video editing software, Final Cut Pro.

[ad#Google Adsense 300×250 in story]According to Apple, Final Cut Pro X features a Magnetic Timeline that lets you edit on a flexible, trackless canvas; Content Auto-Analysis that categorizes your content upon import by shot type, media and people; and background rendering that allows you to work without interruption.

“Final Cut Pro X is the biggest advance in Pro video editing since the original Final Cut Pro,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “We have shown it to many of the world’s best Pro editors, and their jaws have dropped.”

Final Cut Pro X is a 64-bit app and it uses multi-threaded processing and the GPU on your graphics card for faster background rendering and real-time playback performance.

Final Cut Pro X is available today for $299.99 from the Mac App Store. Motion 5 and Compressor 4 are available today for $49.99 each from the Mac App Store.