^Yeah I bought the late 2009 27" i7 iMac for video editing when it came out and never went back down size-wise (I'm still using that same iMac at home!). At uni, we had the 30" Cinema Displays in all the editing suites but they felt just a tad too big when trying to use the mouse (it got tiring trying to get from one side of the screen to the other). The 27" size is perfect (and even better with Retina Display on the current ones now which I use at work).
I very stubbornly stuck with Final Cut 7 for ages but for a friend's short film that I'm currently working on, I decided to give FCP X another shot and it's grown on me a lot (the last time I tried it was the very first version of X).
I also downloaded LumaFusion as soon as I got my 10.5 inch iPad Pro but I'm under no illusions that it'll be able to replace the desktop. I am looking forward to experimenting with it though for super mini personal projects and I do think the app could eventually evolve to be useful. I'm excited about their implementation of JKL for example (although the "J" is not working within the timeline currently, only with viewing the source footage) but at its core, I think the iOS file management system simply isn't powerful enough or compatible enough with the desktop if you're trying to get an actual short film or documentary done. I can handle the lack of mouse support with JKL editing and keyboard shortcuts being able to largely replace those things (no question I'd have to use an external keyboard to make it work), but I just don't know how you'd handle the real life process with an iPad unless you're able to keep everything in the project within the iPad and never transfer files or versions to other people (which, to me, isn't realistic in a workflow). I don't know how an XML or EDL could work right now with the iPad and I don't store all footage in the library in FCP X for example, everything stays external and the library links/references those external pieces - this allows me to transfer the small library files back and forth with the director (who has an exact copy of the footage with the same file structure) as we work through cuts. I can't do that with the iPad right now but that would be a game changer for me if I could and if project files/XML/EDLs could be easily transferable to the desktop and relink properly with the desktop files.
For me, that's the potential of the iPad - not necessarily to be the complete editing package on its own, but if I could work on parts of a project on an iPad while traveling or whatever and then bring all those edits into my desktop app with ease to pick up where I left off - *THAT* would be incredible. The iPad's screen size is limiting for the most comfortable editing solution to be sure, but it would be great as something you could use in spurts in between the core editing sessions on the desktop.