I am taking a class that is uses Final Cut Pro 7 and I want to be able to work with the material at home, I was told that the newest version of the software (Final Cut Pro X) will not work for my purposes and when I looked into it I discovered that even the basic interface has been completely changed. I know that Premiere Pro has a similar interface to 7 but I was wondering if I would be able to work back and forth between the programs on the same files.
Using the same media? Very likely.
Using the same project file? Possibly, but there could be issues. PP can both import and export FCP XML files, but it's far from a perfect translation for every possible sequence.