Apple have just announced the availability of Final Cut Pro X 10.0.5. The new update contains many fixes, one of which is important to Red Giant Magic Bullet Looks users. The new version contains a fix for an image inversion issue that had been creating a nuisance for editors using Looks.
Apple contacted the development team at Red Giant a couple of weeks ago to alert them of the impending fix. The two teams worked together to ensure that on the day of its release (yesterday), Magic Bullet Looks would also be ready and supporting the new fix. So with the release of Final Cut Pro 10.0.5, Magic Bullet Looks will begin inverting images automatically - without issue!
The team at Red Giant is very pleased with its relationship with Apple, working in synch with perfectly timed product update releases.
More details here: http://www.redgiantsoftware.com/blog/2012/06/11/fcpx-10-0-5-grab-the-magic-bullet-looks-fix/.