This is great news for users that need it. I want to be positive but I'm fairly certain the pundit folk, after a brief round of praise and "This is amazing!" will find something to complain about. I haven't read a word about it yet but predict it won't be enough:

"This version of Final Cut isn't good enough. I still need a Mac - FAIL!"

"Oh sure, we've got Final Cut and Logic but where is Xcode?"

"Oh, sure, we've got Final Cut and Logic but iPadOS isn't macOS."

https://www.apple.com/newsroom/2023/05/apple-brings-final-cut-pro-and-logic-pro-to-ipad/