Canon have finally released their EOS E-1 plug in for the Log & Transfer function of Final Cut Pro.
Downloadable from Canon here.
This will make the logging and preview of Canon DSLRs (5D, 7D, 1D) video footage a little easier for Final Cut users.
A Caveat: make sure that you copy the complete file structure off the CF card if you want to use this plugin from an HD copy or back up of original media.
As always, my favourite MPEG StreamClip
beats FCP/Compressor in transcoding speeds but the Canon plugin will give an FCP user the more elegant abilities of Log & Transfer such as adding logging info, In & Out points and as well - previewing out the ever-present shots of my right foot...