From Creative Cow-

Creative Cow Leader Shane Ross is one of a very small handful of the world’s most respected FCP experts. Over the course of years answering questions, he’s compiled a real-world list of the questions that are truly the most frequently asked. He calls them Shane’s Stock Answers. We call them the information you really need for working with FCP. In part 2 he covers HDV monitoring, editing web codecs, working with Photoshop files in FCP, and much more.

Read the FAQ here.

Also, check out The Ultimate Real-world FCP FAQ Part 1 and Part 3.