The next Final Cut Studio should ship in March or early April, and be a "substantial update" if not as feature-complete as some people may be expecting, according to information obtained by Hardmac. The timeframe is roughly in keeping with a promise from Apple CEO Steve Jobs, who in November suggested that Final Cut would be updated "early next year." Two separate betas of the software are said to be in existence however: one for Mac OS X Snow Leopard, and another for Lion. Some features are allegedly being reserved for Lion, as a result of changes made to Mac OS