When our net speeds increase, then we can talk about editing movies in a web-based App.
I'm sorry but this is PRE-mature to do at this point in time, the ISP's need to seriously boost bandwidth for this to work.
And, Apple needs to learn how to release software without making people involuntary beta testers (MobileMe didn't start out so good).
Apple, get your heads out of your rich asses if this is true. Not everybody thinks every direction u take is the right one, everyones got a right to voice an opinion, and for once in a blue moon, I not only disagree with this, but I'm angered by all this web-based talk at THIS point in time.