I have read alot of people complaining about this. Here is the simple answer. Make your movie just as you want with your pictures (no titles obviously) export it to your camera roll. Go back into iMovie, click new project. Add your video you just sent to your camera roll. Then double click the picture, it will now allow you to add titles and such. Also you can add multiple songs by using a similar concept. As well as a fade by using a black picture (as was posted by another user in the tips thread) So if you get creative, it can be done. And I'm sure apple will release a few nice updates with added features.