Have 10.6.8-what affect will Lion have on FCP, iMovie?

I must upgrade to Lion, but have heard that the affect on FCP & i'Movie is very bad. What can I expect when I upgrade? Should I wait for Mountain Lion in July?

It really depends on the version.  http://roaringapps.com/apps:table has a good guide for Lion.  The Mountain Lion listing though is premature since no one yet has the official release of it until the date announced on http://www.apple.com/pr/ it is available for download. Other pitfalls you may run into are here:
https://discussions.apple.com/docs/DOC-2465

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