New iMovie Announced

iMovie, which is part of the iLife application by Apple, was announced today. It looks interesting, though I would prefer to know a bit more of what I can find there than the product page shows. Still, it doesn't really matter to me in the end, since iMovie requires a G5 processor on the PowerPC side. I only have a G4 Powerbook (a G5 Powerbook never existed) and have no plans to buy a new laptop or desktop anytime soon. This just gives me more incentive to see what I can do for movie editing on Linux and if it can do a decent enough job, or at least hope that it will in the near future.