Apple's is taking on criticisms that its tablet is only intended for content consumption, and alongside the iPad 2 it has also unveiled iMovie for iPad. Set to go on sale on March 11 - alongside the iPad 2 - for $4.99 in the App Store, it allows for video editing of the 720p HD video the new slate's rear camera can record, with a precision editor and support for multitrack audio.
There are three preset themes - Neon, Simple, and CNN iReport - which each come with titles, transitions, and an accompanying soundtrack, and you can drop in still photos with Ken Burns-style panning effect that uses face recognition to make sure peoples' faces are always in frame. There's also titling support, with various fonts and finishes.
The integrated microphone allows for voice narration, and there are 50 preloaded sound effects. Once you've finished, you can export to YouTube, Facebook, Vimeo, or CNN iReport, or stream via AirPlay or using the iPad 2 HDMI adapter. iMovie for iPad will work on the iPad 2, iPhone 4 and 4th-gen iPod touch.