Apple is rolling out a new version of iMovie for iOS, adding support for the Apple iPad 2 — the first Apple tablet to feature front and rear-facing cameras. But if you’re using an iPhone 4 or 4th generation iPod touch, you can also upgrade to iMovie 1.2 today. You just won’t get some of the iPad-specific features.
The updated version of the video editing app brings a few new themes and effects, the ability to share HD video to YouTube, Facebook, Vimeo, or CNN iReport, and support for sharing video with an Apple TV using AirPlay if you’re running iOS 4.3 and up. You can also now add titles to photos.
There are also some audio improvements, including support for multitrack audio recording, 8 soundtrack themes, and more than 50 sound effects. You can record audio directly into a timeline.
If you have an iPad you get a few tablet-only features including a multitouch “Precision Eidtor” and the ability to view and edit audio waveforms.
The iMovie app for iOS is available from the App Store for $4.99.