For transitions, how do I change the default properties? For example, when I drop in a dissolve its duration is 1:06, and if I want it shorter I have to change it from that point. How do I change the default properties of the transition so that its duration is, say 10 frames? I do this all the time in FCP and it's a huge time-saver rather than manually adjusting every transition, especially when you're using a lot of the same type of transition.
You can change the default duration in the Preferences under General.