Not like, LUV! This works for me. iPhone 4 (iOS5.1), MacBook 10.6.8.iTunes 10.6. Saved my butt with an upside-down clip on a deadline - flipped in QuickTime Player 7 Pro (still have that remember?) on MacBook.
To play it safe I did a rename to img_9000.mov (bogus number.)
Imported to "Films" in iTunes, clicked its box.
In "Summary/Options" checked sync only ticked songs and videos...
In photos clicked "Include Videos", applied, then synced (via cable - dunno about cloud)
There it was when I relaunched iMovie on my phone...
Message was edited by: teharatats