I spent 15 minutes experimenting with it, and my conclusion is, that Apple should NOT have gone public with it ! ... it has the appearance of something that was cobbled-together in a Workshop by some teenager coders, over the span of just 2-3 weeks !
I could NOT find a single feature or capability that impressed me.
Its now April 2017, and Apple is coming out with this ??? ... I recommend they pull it for six months, and try again (with a much better version) when the iPhone 8 is announced.
Extremely disappointed Clips is NOT more than it is !
Live Titles is the ONLY feature that holds promise !, and the current implementation is NOT ready for prime time !!
The rest of the app is nothing special ... there are thousands of much better (photo & video) apps already on the iOS App Store !
The app defaults to Selfie Video ??? ... seriously ???, who is the target audience ??? ... I think this thing needs to be RE-named as "Mom & Dad's Selfie Social Video App" !
Snapchat has their established market segment ... Instagram has their established market segment ... NO way is Clips going to succeed in either ... it doesn't bring anything new to the table, except perhaps Live Titles, and like I said, thats NOT currently ready for Prime Time (maybe six months from now).
Way to go Phil, NOT only is Clips a poor effort at an app against powerhouses like Snap & Insta, but you've now managed to piss-off many in the Photo & Video (category) developer community ! ... is that strike number four ?, or number five ?, I've stopped counting ... and thats just since September 1st, 2016 !