You guys... don`'t fret - Imovie 08 is seriously different... makes me long for the days of IMovie 06 which thankfully stays installed (apple obviously knew the jig wouldn't get past anyone) This is a seriously under developed piece of software... it has some nice perks... but it no longer has effects or themes (didnt use them - but others did) It doesn't use the time tested time line... rather a thumbnail paragraph... that looks more confusing then anything I have ever used... Wait for it to mature... we are back at square one here... If you want to do a seriously simple edit... it works perfect...