Apple to Give iMovie Big Update: Rumor

From PC World: I've heard that iMovie will largely (if not entirely) be a Web Application and Apple would offer its users to "upload your movies to us and edit them there."

There are currently a few online applications that let you do video editing currently. Google's Youtube is also adding rudimentary editing features.

I am not certain if this means that iMovie is now entirely a Web Application or if Apple is offering a "Cloud" component to its iMovie application.

iMovie in the Cloud would also offer users the ability to easily view their movies on iPod Touches or iPhones. If the application is entirely Web based, it means that potential customers include the "other 90%" of users who use Windows.

Apple received a lot of negative reviews of its last update to iMovie; many people thought it was a step backward. As part of the installation process, Apple even kept the old version of iMovie as a transition mechanism. I can't think of another time when Apple did this for an application.

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