I hate to rain on your parade, but the new paradigm to video editing that was introduced with iMovie 08 is pure genius in my book. I just LOVE this new approach. The guys at Apple took something that was unnecessarily complex and made it simple and intuitive and FUN to use while at the same time providing FAST results. Awesome! That is exactly why people buy Apple products.
Can you elaborate on what you think this "new paradigm" is and why it's better? I'm not being facetious, I'm genuinely curious. I've been doing video editing on a hobbyist basis for years, and I hate the new iMovie and the way it stores video clips and projects.
For one, I could copy an old-iMovie project file -- video clips and all -- from one computer to another. So I could, for example, capture and edit on one computer, then move the project to another computer for live playback on a projector, all with no rendering necessary. In fact this is exactly what I've been doing for years.
Another, I don't like that I can't keep track of my video clip files. Apple likes the "media database" approach where all your "stuff" is abstracted away in collections and databases, and they hide the underlying media files (jpgs, movs, mp3s, aacs). Which is fine when you're dealing with discrete media items like a picture or a song. I don't like this approach for video clips. Why? Let's say you took a video clip of an interview session that's 30 minutes long. That file could be hundreds of megs, even multiple-gigabytes, in size. Now let's say you find the clip that you intend to use in your final video project, and that clip is 10 seconds long. You're carting around this massive video file "somewhere" in your media database for the sake of this 10 second clip. Where is it? How can I copy the clip I want to give it to someone else? How can I optimize my disk space when it's running low? When my project is complete, how do I archive the clip I want to keep and trash the rest? Maybe there are answers, but I haven't found them in my (admittedly pretty quick) look at the new iMovie.
There are a number of other small "huh?" things that made the new iMovie different from the old iMovie and also different from virtually every single video editing package I'd used prior, which includes the old iMovie, Premiere, Final Cut Express, Pinnacle Studio, Ulead Media Studio Pro, even Windows Movie Maker.
The only thing I found with the new iMovie that was truly "easier" is taking ONE video clip, cropping the ends a bit, slapping a fade in/out and a title at the beginning, and throwing the whole lot on YouTube, never to be shared again anywhere else. Anything more complicated than that and I found myself constantly asking "So HOW am I supposed to do this?"
But maybe my idea of "how it should be done" is colored by my previous experience with all that other software, and maybe it truly does make more sense to someone who's never done it before.