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WWDC 2010: Apple announces iMovie for iPhone 4

Today at WWDC, during the keynote address, one of the things Steve dropped upon us is the new camera in iPhone 4: Yeah, the 3G S did video, but the new camera does "full HD," at a sparkly 720p and 30fps. This means that little handheld video camera that's been on my Christmas list the last three years is now gone. Why get one when my new iPhone will do it?

So you fill your phone full of video. What to do with it? If it was your Mac, you'd be flexing your iMovie muscles, wouldn't you? Now you can do the same on your iPhone: Steve showed some demos of iMovie for iPhone today, including one-click sharing, and the tap to focus that works in photos. Even the new LED flash gets in on it: You can leave it on the whole time you're shooting. Export options are 360p, 540p, and the original 720p resolution.

And of course, the app also lets you run transitions, titles, and anything else the full version of iMovie will let you do. There are even themes and theme music to choose from -- Apple's video engineer says it's the best way to edit video on a mobile device he's ever seen.

So now you can record beautiful video, edit down to the good bits, and email that video off to any of the tubes. As long as it goes through the app review process, that is -- according to Steve, "You'll be able to buy this for $4.99 ... if we approve it." Funny. When it appears on the App Store, we'll let you know.

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