Yes; it employs a much simpler tape capture window than FCP7, here called "Import" even though they should know better.
Set your camera to VCR or VTR or Playback mode, connect FireWire cable, and navigate to areas you want.
Download the FCPX 1006 User Guide, it's all there.
Or post this Q to the FCPX forum here for fuller detail.
- Loren
Today's FCP 7 keytips:
Copy clip Attributes with Command-C
Paste selected Attributes with Option-V
Remove selected Attributes with Command-Option-V !
Your Final Cut Studio KeyGuide™ Power Pack.
Now available at KeyGuide Central.
www.neotrondesign.com