Wow, looks like the first time ever I won't be upgrading to the new version of iLife. No real new killer features, just a thin layer of new gimmicks.
Very disappointed that

still hasn't addressed the cataloguing and viewing of "home movies" within their own ecosystem. Once again we have a keynote demonstrating the creation of terrific iMovies of BMX guys and best friends having a jolly good time galavanting in Europe...with the recommendation of uploading to YouTube or facebook. What about just watching it with my family at home? On my big screen via my

TV, or iPad perhaps?
Using the Share to iTunes feature of iMovie is really weak. Just throws your home movie in there next to "Iron Man 2" and "Finding Nemo." iMovie ought to have a built in feature that creates an HTML5 iTunes-LP-DVD type presentation package that can be played on iDevices or

TV, uploaded to a website/MobileMe, or even converted and burned to a DVD. And iTunes ought to have a separate section for "Home Movies" where all these creations live. Seems like a killer feature and marketing tool for the

TV...suck them in with Junior's first steps and Susie's wedding, next thing you know they're renting episodes of "Glee."
It appears that iDVD is going to remain stagnant for yet another iteration of iLife, indicating that

is philosophically through with physical media. Give us a new way to preserve, organize, and watch our own footage besides uploading to YouTube!