OK, I was thinking iMovie 08 was going to be perfect for my needs. I wanted to quickly spin together a movie that was at best entertaining, at worst not painful to sit through. Well, we got our new HD camera on the 23rd and I decided to record my wife and I assembling this year's gingerbread house. Same day, right out of the box, first time using the camera, first time in iMovie 08. Judge for yourself, but I am VERY happy. VERY happy. This first video took about 40 minutes to complete from import to burning the final DVD. It runs at about 1 min 30 seconds, which makes it a good length for sharing and the export to .Mac was an absolute breeze. iMovie 08 ROCKS!