mystery?

In vegas you place two clips on the same track and then select one buy placing the mouse cursor on the clip and hold down the left mouse key. Drag the clip over the other. As you do so a small highlighted section appears with a blue X pattern. A pop-up shows the # of seconds/frames as you continue to over lap the clips. When you release the selection you have created a crossfade.

S Cannon
 
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It's just too easy isn't it. You can also control the properties of the x fade by right clicking in the orverlap section and choosing "fade type".
You must be coming from a premiere pro / FCP background. Nothing drives me nuts more on other editor then having to apply a cross fade as a transition.
 
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