The iPhone iMovie app has been updated today, to Version 1.1.  Here’s what’s new in this version:

• Compatible with iPod touch (4th generation).
• Ability to split video clips.
• Automatic music looping when video extends beyond music track.
• Scrub to preview clips in Video Browser.
• In-app Tips page that illustrates how to use key features.
• Updated Photos Browser with newest images at top.
• Mute badge to indicate video clips with audio disabled.
• Additional performance and reliability improvements.

Heads-up: iMovie has some strict hardware and iOS requirements (especially if you are currently jailbroken): it requires iPhone 4 or iPod touch (4th generation) and iOS 4.1 or later.

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