Apple is bringing iMovie to the iPad, which takes full advantage of the
iPad 2's new A5 dual-core processor, promising precision video editing, multitrack audio recording, Airplay compatibility and the ability to export movies in HD. Oh, and it's also coming as an update for iPhone and iPod touch devices. It will cost $5 when it comes out on March 11.
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/VwXTN4yx_9U/imovie-for-ipad-is-here-with-precision-video-editing-and-multitrack-audio-capabilities
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