Will my copy of FCP run on the Intel machines

I currently have a G5 with a PowerPC chip and I am looking at purchasing one of the new MacBooks. However, I heard a rumor on the internet that my copy of FCP, which was purchased a year ago, will not run on the Intel machines.
Is this correct?

http://www.apple.com/universal/crossgrade/
Ok I found the link. So I have the entire Final Cut Studio Production Suite that I bought this Spring. So that means it will just cost me $49 for the upgrade?
Does the crossover effect any other applications?

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