In this tutorial article from Mark Spencer of Macworld, find out how to prepare, import and edit Photoshop files in Final Cut Pro X. Writes Spencer, "You can import Photoshop files directly while maintaining transparency and blend modes. And if the Photoshop file contains multiple layers, you have access to each layer in Final Cut Pro, so you can reorder, disable, transform, or animate them. I'll show you how."
Read it in full here.