iMovie iPhone App Now Available

Hello! The long-awaited iMovie iPhone app has popped into the iTunes store. It'll set you back five bucks and can be downloaded right now. But remember that the app's designed for the iPhone 4 only.

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Those lucky few who already have their iPhone 4 devices can play with the app now, but the rest of us will just have to dream up some movie projects while we wait. [iTunesThanks, Paul A!]