Will someone check out this link to apple's site and tell me if it only costs $199 to upgrade to studio from FCP 4.5 or if I'm on planet 258. :) Look at question five. Thanks, John.

http://www.apple.com/finalcutstudio/topquestions.html

Yes, that is correct.

This was all discussed last week:
http://www.dvinfo.net/conf/showthread.php?t=58196