iMovie adds some iLife to the iPad 2

iMovie's latest update is making its way to the iPad 2, and it looks better than ever.

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For those who have been longing for iLife-quality apps on the iPad, iMovie just might be the start of something special. The new iMovie app demoed at today's iPad 2 event looks like it will deliver something significantly more advanced than the disappointing iMovie app for the iPhone 4.

The app will support multitrack audio recording, same-timeline scrubbing and clipping, gesture support, and even a waveform editor for audio. A voice-over track can be added via the iPad's built-in microphone.

Instant video sharing support includes YouTube, FaceBook, Vimeo, CNN iReport, and iTunes. The app also supports AirPlay for direct streaming to an Apple TV, and has a built-in set of themes, like its Mac iLife big brother.

The new iMovie app be available March 11 for $4.99, and will be a universal app that will support the iPhone 4, 4th-generation iPod Touch and iPad 2.

Now that this and GarageBand are finally heading to the iPad, when will iPhoto make its way over?

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