My apologies. My explanation was garbled because my mind was fried after several hours of intensive trouble shooting and other highly detailed work at the end of a long day.
I was, of course, talking about the latest version of iMovie, iMovie 10 - the one that came out with Mavericks. I am currently using Mavericks. The confusion over the version number arose for a number of reasons I won't go into. I am sorry for that, I am usually more careful about such things.
I am assuming that iMovie 10, the version in question, is unstable. There is no way it should have caused as much trouble as it did and I wonder why it isn't bigger news. On my 2009 27" iMac with 8 gigs of RAM, the crashes it caused were numerous and absolutely spectacular. I can barely remember having a crash or a hang in the years I have been using this iMac, though there have been a few - a very low number.
Anyway, I deleted iMovie 10 in launchpad and re-installed it. After re-installing it, I did what I think Apple wanted me to do when I launched it - namely, update my iMovie 9 files - which I later deleted.
I did not in anyway rush iMovie 10 during it's unusually long launch time. I also let it do the file update and let it complete exporting a movie, which it decided to do for some reason.
So when it was up and running, I began making a movie - a test - with a voice over, a lot of stills and fades and such. I experienced zero problems. The program functioned as advertised and I was able to perform the usual array of editing functions without a hitch.
But, after such a rough inception, do I want to spend four or five hours creating a video and have iMovie 10 crash in the last few minutes of it and/or somehow hopelessly corrupt the project file? Do I assume it is stable enough to get me through a whole project? I'm still mulling that over.