Oh, of course it has a timeline (actually, three timelines: a general one, a graph editor for keyframes and animated properties, and an audio specific viewer!). It is in no way limited to one clip.
Motion starts up with a simplified interface, probably to make it less intimidating to begginers. Just click the "Timing" button on the upper right corner and it will reveal the main timeline, and the other panes I mentioned are tabs for that window. There are other, significant windows hidden at first sight too: like the Layers palette, for instance.
Adolfo Rozenfeld
Buenos Aires - Argentina
www.adolforozenfeld.com