The new iMovie in iLife 08 completely blew me away. The previous version of iMovie was clunky at best. It took me 2 hours to create a 30-second video card for my mom with photos, video clips and background music. Voice-over was doable but not for the faint of heart. I had to first extract the original sound from the clip, and carefully align the voice-over on the timeline. The new iMovie (see demo) pretty much materializes our mental process when editing a movie. We can now easily skim video clips, arrange music and voice-over much the same way as editing photos. It’s worth checking it out.