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Are people aware of the app reeldirector?
http://www.nexvio.com/product/ReelDirector.aspx
It's a video editing app that I've been running on my iPhone and I've been testing on my iPad 1 this week, and it "just works" (no hacks, no authentication difficulties), not sure why people dont just get that as it's also cheaper than imove
Also adding videos is quite easy, as long as you have an iPad camera connector kit and a supported camera, so far I've found the iPhone works (duh

) and also my sanyo cg20 recording at 720p, which is a great budget hd camcorder
http://sanyo.com/xacti/english/products/vpc_cg20/index.html
So you plug the sd card into the camera kit, plug that into your iPad, the photos app automatically launches, you pick the file you want to copy over and viola, it's in your photos app ready to pick up in reeldirector