Although I generally consider iMovie an abomination, I have some hopes that once they put a decent camera on the iPad and bump that resolution to the rumored 2048×1536, it’ll actually be a very interesting proposition. Until then, I’ll let them work out the bugs and refine the interface — but if you’re more optimistic, you can go download it right now. iMovie and its loop-lovin’ cousin GarageBand have hit iTunes a day early; they cost five bucks each.
Update: Want to install iMovie on your original iPad? 9to5Mac has you covered.