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