As we discovered in our review of the iPad 2, the new iMovie for iPad app turns the iOS slate into quite the portable video editing studio (you can see a demo of quite how easy it is after the cut). Apple's official Camera Connector Kit will get you going with SD memory cards, but until now if you recorded to CompactFlash you were out of luck. That's all changed, however, with the new M.I.C. CF connector kit.
Video demo after the cut
As with the SD card reader Apple offers, the CF adapter plugs straight into the iPad 2 (and, indeed the original iPad) dock connector. You can then import directly from the memory card onto the iPad's storage, and from there import photos and video clips into iMovie for iPad. There's also a USB port for hooking up cameras via a cable.
The adapter is a terribly reasonable $29.90, and will begin shipping from April 25. More details in the video below, though be warned it doesn't support the Canon EOS 5D Mark II.
iMovie for iPad 2 media side-loading demo: