What do I need to do to deal with the fact that the footage from the FCP is on another computer...do i just need to re capture that footage in Vegas and it will properly point to the right places in the AAF which I will open in Vegas? Does that make sense?
FCP AAF does requires the plug-in from AutomaticDuck.com.
If you are doing lots of inter-app project interchange, AAF is a good bet these days- the current versions of AVID, Vegas, Premiere, XPRI and quite a few other editing platforms now support AAF I/O.