Apple updated iMovie to 1.1

Apple updated its iMovie app, which is used for movie editing right on the iPhone itself to a newer version 1.1, adding support for the fourth  generation iPod Touch and several other new features. the features includes

New Features

• Ability to split video clips and automatically loop music when video extends beyond the end of the music track.
• Now you can preview the clips in video browser
• Viewing an in-app tips page to learn how to use key features.
• updated photos browsers, newest image appears first
• Mute badge to indicate video clips that have audio disabled
• Performance and reliability tweaks

iMovie 1.1 requires device to running iOS 4.1 or later. The App is available for download for ~$5 and free update for previously purchased app.