Using Referenced Events:  Good Idea?

As a legacy FCE user, I developed a clip management scheme which works for me.
In converting to FCP X I see that it is common to import clips to FCP X by copying them to the FCP X events files.
However, by unchecking the Copy Files box on the import dialog, it appears to create a referenced event in FCP X, leaving the actual clip in its original location.
My question is: Is there any real problem with using the referenced event concept for my FCP X projects?
Seems like a good idea to me.
Any comments would be appreciated.

You're welcome, Rex
My workflow with FCE was to create a project dedicated to converting AVCHD footage to Quicktime Intermediate files. After conversion, I would cut all the clips from the browser that I just converted, save the Project, and it was ready to go for next time. I would then move the converted clips out of the Scratch folder to any folder I wanted.
I suppose the same thing could be done with FCPX, but I really like the functionality and ease of the new application’s Event Library (once it recognizes the correct drive, which another issue altogether), and am revising my thinking (a work in progress, heh) about organization.

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