wow! they have detached the audio and they brought in green screen filming and editing:
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: 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 think you can do that (PiP) in QuickTime Pro...

ILife 09 requires 10.5.6. That leaves me out for the time being.

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...

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.

I agree iMovie 09 does look like a great update compared to the 08 down grade from 07. Also seems like the Chief Engineer is new ? ? I think the 08 was a different guy