Events are now (as of 10.1) more sensibly buried, along with projects, within an overall container called a Library.
Sure there remains the silliness of everything being stored by default in your 'Movie' folder but that can quickly be changed. Assets can be stored wherever you want. FCP X has grown up a lot.
I find myself able to organize things pretty much as I did in FCP 7 - but by using keywords (Lightroom-like). All media is orgnaized on the fast drive(s) you need.
Since the whole program is metadata based, it is wickedly fast and once you get the general principles, you can bend the beast to your will.
Beast is a kind word.
I've tried the move to x so many times I've lost count.
Even contacted a x expert tutor to come into one of my studios and run me through it for a few days, if I can find time in one place and not be under deadline.
The thing is I hate it and yes hate is a strong word.
The inability to do multiple sequences easily, synco drives on the go for backup, and actually do the intuitive thing of opening up a clip, dropping In Filters and making key frames without having to go to a separate window pane is a pain and non productive.
No other NLE on the planet uses FCPx nomenclature and why I don't know.
It,s like apple decided to call a computer monitor a potato and a keyboard a dog though you have to work the keyboard (dog) across the room using the potato upside down.
I've heard the line from every 15 year old that editors who moan about x just are mired in The past and that's bs, as the only people I know that love x are the people like Larry Jordan who sell tutorials.
One wannabe editor in our studio just loves it and says he can do anything with it so I gave him a complex edit in 7, a drive of all the clips and graphics and said just give me one minute of "this" video.
Two weeks later he started learning 7.
Bottom line is the only thing x is actually good for is simple edits without a lot of key frames and clip blending.
It's faster sure it will kind of run 4 k but it's not close to widely adopted By editorial houses doing heavy lifting. They either stay with 7 for short form and/or have moved on to premier or avid which both have some major differences and issues. Most pros moved to avid and round trip color to divinci.
Last month I needed to lay off some worked and we contacted 12 or so editors in LA, NY, London and not one will work with x and all have some version setting on their computers.
They say apple is making a push to bring the pros back though they have had to search far and wide to find a newspaper and a few people with bbc that actually use it and those people were managers of the departments not editors doing the work.
If apple would just sell the 7 to someone else in 64 bit with a better browser they'd have 15,000 buyers in the first hour.