I use command+c, command+x, and command+v.
Yes it does.
I use command+c, command+x, and command+v.
cut is actually blocked out in finder for some reason.
EDIT: I assume Apple removed the ability to cut files and folders because if one were to cut two files one after the other without pasting, the first would be completely gone. Not even in the trash. ie. dangerous for losing data.
I'd wager that there's a much more esoteric reason than that.