Steve Jobs talking about the new iMovie in iLife ’08, as quoted by Engadget:
Takes video from any source. HDV, still cameras that do video, brand new AVCHD camcorders.
Just ordered it today. Here’s hoping it works with my Sony HDR-UX1. Unfortunately, Apple doesn’t let you download the new bits, I have to wait for FedEx to fly them to me. Weird.
I’ll update the blog with the results.
Ben Galbraith 
http://jgrtyjp.com/