Apple has released Apple iLife '08, with major new version of iPhoto and a "completely reinvented" iMovie.
The complete suite includes iPhoto, iMovie, GarageBand, iWeb, iDVD, and the new .Mac Web Gallery. It's included with all new Macs, or available for $79, or as a Family Pack (5 computers) for $99.
iMovie '08 introduces an iPhoto-like video library to display and organize all your clips, stored on internal or external drives.
Like the new iPhoto, iMovie automatically groups video by Events, based on the day shot. And you can preview clips “skiming” the mouse as with a dynamic filmstrip.
Import video from latest AVCHD, HDV and DV camcorders, digital cameras, SD and HD, from tape-based and tapeless camcorders (including Flash-memory, hard disk drives, and DVD cams).
Export movies on iPod, iPhone or Apple TV, and share on YouTube.
iDVD '08 features better performance and additional customization.
iDVD add 10 new Apple-designed themes with animated menus, 16:9 and 4:3, plus advanced menu customization, with a new button library, drop zone editor, and dynamic alignment guides. Combine video and photos in slideshows and use higher-quality photos.
Better performance offers faster switching between themes and menus. Pro-quality encoding offers higher quality with more movies and slideshows on a single DVD.
iLife requires a Mac computer with an Intel, PowerPC G5, or PowerPC G4 processor.
iMovie requires an Intel processor, Power Mac G5 (dual 2GHz or faster), or iMac G5 (1.9GHz or faster. iDVD requires a 733MHz or faster processor.
See more in the Video Editing Software Gallery and DVD Authoring Software Gallery