Apple today announced Final Cut Server 1.5 and Final Cut Studio 7.

Both are available now. Final Cut Studio is a $299 upgrade.

Final Cut Server had been offered in a $999 10-user flavor and a $1,999 unlimited user flavor. Now there is only a $999 unlimited user flavor. Upgrades from either are $299. [Update: The upgrade magically transforms the 10-user license to unlimited. Lucky you!]

New in FC Server:

• Active Directory Support (finally!)
• Edit Proxies in ProRes 422
• Global saved searches, and quicker searching
• Support for image sequences
• More...

New in FC Studio:

• Spotlight support for searching for missing media (works with Xsan)
• Blue-ray export
• Easier exporting, and in the background
• Looks much prettier to me
• More...

What else are you discovering? Comment below.