Final Cut Pro 5.1.4 to 6.0.1 and up???

I have FCP 5.1.4 and would like to know if switching to version 6.0.1 and up would be a update or an upgrade which would mean spending some cash? Some reason my simple question is hard to find an answer to online.
Please help, thanks.

If you own a legtimate, retail version of FCP (any retail version) then the upgrade to FCS 2009 (which includes FCP 7) is $299.00 (USD).
from: http://store.apple.com/us/product/MB643Z/A?fnode=MTY1NDAzOA&mco=MTA4MjgwODU
"*About the Upgrade
The Final Cut Studio upgrade provides an upgrade path from Final Cut Studio 2, Final Cut Studio 1, Production Suite, or any prior version of Final Cut Pro. Academic and Not-For-Resale (NFR) versions are not eligible for upgrade."
-DH

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    YOuTube recompresses the video. Can you post a link to it?

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