wow! they have detached the audio and they brought in green screen filming and editing:
Create special effects by recording yourself against a green background. Then let iMovie replace the green with any photo or video in your library.
i bought a green screen for our small business and the guy who uses it with Final Cut Pro had to have us buy some relatively expensive software as a supplement. now, i can guarantee that the iMovie version wouldn't have sufficed, but just having that basic ability is really nifty in a pinch (e.g., for a user like me who doesn't have time to learn FCP).
but i also like the idea of PiP:
Add television-style, picture-in-picture effects by dragging one clip on top of another. Pop, fade, or zoom in on the inset video and watch it instantly.
i can see using this to film myself (e.g., mini lecture) and having the bigger screen be the keynote presentation or something like that -- i can think of better examples already.
i think this looks like a quality update to a product that had really regressed in some regards. this is what it should have been last year, but better late than never.
I'm guessing that virtually all the software from Apple released from this point forward will most likely require 10.5.x or higher. They're building a lot of cool little features into OSX 10.5 and 10.6 and the software takes heavy advantage of it...
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I knew something was up when I saw the pricing on the bundle of iLife and Leopard. I am do for a hardware upgrade and I was hoping for some iMac news. I bet that comes around in time for the back to school season.
May the (mass times acceleration) be with you.
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