I finally decided that imovie sucks*. It is good for the web, but that is about it. So I decided to go further with Final Cut. My wallet votes for Express version, but devil in my head for Studio (and credit cards might support devil too) . In any case I would be quite disappointed if upgrade would come after a week or so. It seems 2007 was a year when Apple upgraded these apps. So new versions coming soon? Still have many things to learn anyway. *disclaimer- ilife it is still the best value for your money. Some features in imovie seems better than in pro apps - for example simplicity of importing video.