This version of iMovie cannot import Trailers created in iMovie for iOS.
I have the latest verison of iMovie on both my Mac and iPad 3g. I used a trailer on the iPad iMovie and exported it to iTunes. On my Mac I went to iTunes and pulled the file down and clicked to open it. After iMovie can up it dispalyed "This version of iMovie cannot import Trailers created in iMovie for iOS."
How can this be?
iMovie '11, Mac OS X (10.7.5)