Now that the iPad has a video camera, you’ll need something to edit videos together. Enter iMovie for iOS, which Apple is announcing today.

Features of iMovie for iOS include a precision editor, multitrack audio recording, new themes, AirPlay to Apple TV, and the ability to share your videos in HD.

A universal app, iMovie for iOS will also run on the iPhone. When you start up the app, there’s a new home screen which shows thumbnails of your movies in poster format.

Click through, and the iMovie interface is up top with the timeline below. A camera button on the right lets you use your device’s camera to record in realtime, or pull in from your video bin.
Tap on a clip and you get two handles to choose the segment you want to include: a reverse pinch triggers the precision editor for a more precise edit.

In iMovie for iOS you have full control over transitions: press and hold on top dot to choose the point within the video that you want to end. You can also add and subtract frames from both sides of a clip simultaneously, and view the audiowave forms of all your clips. There’s also a new voiceover recording system.

For music, you can choose songs from your iPod library, or choose another theme’s music. A Share button lets you send to YouTube, Facebook, Vimeo, CNN iReport, and to iTunes.

iMovie will be available on the App Store on March 11th for $5.

Since the iPad 2 is getting FaceTime cameras, Apple is bringing PhotoBooth to iOS.

Noting that the iPad 2 is so powerful that it can deal with nine live video streams at once, Apple demonstrates the real-time effect demos, which work similarly in iOS PhotoBooth as they do on the desktop.

With multitouch, you can now manipulate photo effects just by touching the screen, which is pretty nifty.

It doesn’t look radically different from PhotoBooth on the desktop, but it doesn’t need to be. Either way, a million loitering teenagers at your local Apple store have one more gadget to pout in front of.

Now that the iPad 2 is out of the way, Apple wants people to know what’s coming with iOS, starting with iOS 4.3, which will ship on the iPad 2.

First of all, Safari performance is getting a major boost, thanks to Apple’s new Nitro JavaScript engine.

Next up, iTunes home sharing, which will allow you to stream all of your content directly over WiFi.

Alongside iTunes homesharing, AirPlay is going to get some much needed improvements, including the ability to allow apps and even websites to play AirPlay Video.

iOS 4.3 also adds a preference for the iPad switch: either mute, or rotation lock.

iPhone 4 customers will get personal hotspot, a la the Verizon iPhone.

It’s a small bump, but no one expected more for a point iteration. I wonder if they’ll next talk about iOS 5. That’s where the big changes will happen.

With the iPad, Apple released an official case, but while it was pretty cool, the problem with it was that Apple had gone through all this trouble to make the iPad as gorgeous as possible, and now they were covering it up.

Well, with the iPad 2, there won’t be an official Apple case: there’ll be a cover. As noted earlier today, it’ll use magnets to attach to the iPad 2, protecting the screen and locking and unlocking the iPad automatically accordingly. Fold it back and it’ll function as a prop for typing.

“They grasp it, and auto-align it. I’ll show you a little video. It’s so cool. You can remove it in a second. It adds minimal weight and thickness. It’s got a microfiber cloth that cleans the screen,” Steve enthused.

The new iPad cover will come in either polyurethane or leather. The Polyurethane cases will cost $39, the leather cases $69. They come in a whole rainbow of colors.

The iPad 2 isn’t just a speed bump, though.

As rumored, the iPad 2 is getting FaceTime, courtesy of both rear and front facing webcams. This rounds off FaceTime as a ubiquitous feature on all of Apple’s mobile prodiucts.

The iPad 2 is also inheriting the iPhone 4’s gyroscope, allowing for some neat new augmented reality and gaming functions.

The most noticeable change though? Apple has made the iPad a lot thinner. It’s now just 8.8 mm thin, compared to 13.44mm thin last generation. It’s now thinner than the iPhone 4.

As rumored, the iPad 2 will come in both black and white.

Also as rumored, the 3G version will work on both AT&T and Verizon, although you’ll need a different model for both GSM and CDMA.

Prices are also remaining the same: starting at $499 for the 16 GB WiFi version, and ending at $829 for the 64GB 3G version!

The iPad 2 will begin shipping with March 11th, with preorders available starting today.

Noting that Apple has had an exceptional first year, Steve Jobs says that in 2011, Apple wants to build off the iPad’s success. Today they’re announcing the iPad 2.

So what’s new? Apple says, first of all, an all-new design. Not tweaked, brand spanking new and redesigned from the ground up.

First of all, as rumored, it’s faster. The iPad 2 will boast a dual-core A5 CPU running at 1.2GHZ.

Second, Apple has gone all out on the graphics, and are now offering up to 9x faster graphics performance.

At the same time, power efficiency remains the same, so you’ll get the same battery life.

All in all? Apple expects the iPad 2 to be the first dual core tablet to ship in volume.

Steve Jobs has started addressing the crowd about the iPad 2.

“Today we’re here to talk about Apple’s third post-PC blockbuster product. That’s how we think about these things. We started with the iPod, then we added the iPhone, and then the iPad. Every one has been a blockbuster,” he said.”

“When we said the iPad was magical, people laughed at us. But it’s turned out to be magical. And people questioned whether it was an ‘unbelievable’ price — well ask our competitors.”

Noting that the iPad has over 90% market share and has generated $9.5 billion in the nine months of 2010, the iPad is Apple’s biggest product to date, and maybe the most successful consumer product ever launched.

“We’ve just never had a product get off to this fast of a start,” Jobs said.

This is a very tiny rumor, but in the silence before the storm, we have a few minutes to consider it: apparently, one still unpublicized hardware change in the iPad 2 is a new magnetic latch.

Way back in January, a reference to PAD_CASE_LOCK was found in the beta version of iOS 4.3, apparently a function that allows the iPad to automatically lock and unlock when you close the iPad cover. That seems pretty useful, except for the fact that the iPad seemingly doesn’t have any hardware that could make that feature work.

Now iLounge is reporting that the new iPad will be able of magnetically gripping the front flaps of folio-style cases. Not only will that make iPad cases more elegant, but iOS would know that when a lid was secured in the right position, the iPad would lock itself up tight.

Staggering genius? Not really, but it is one of those nice little touches that Apple is just so good at.

You’re sitting there waiting for the iPad 2 to be announced. After waiting for months you’re chomping at the bit and know that you’re going to buy one even if you’re not totally sure what all of it’s features are gonna be. One thing to consider is how you’re going to pay for the upgrade. While you can certainly deal with the hassle of selling your old iPad on Craigslist or Ebay, you might want to consider using NextWorth.com to trade in your iPad for cash.

NextWorth, is offering high trade-in values for the first generation iPad to help subsidize the cost of an upgrade. Apple products tend to retain value more than other brands, and the iPad is no exception. Current trade-in values on NextWorth for iPads with Light Wear (as of 2/23/11) are:

iPad 16G Wifi: $255

iPad 32GB Wifi: $285

iPad 64GB Wifi: $310

iPad 16G Wifi + 3G: $298

iPad 32G wifi + 3G: $350

iPad 64GB Wifi + 3G: $390

One of the nice things about NextWorth is that they’re partnered with Target to offer an in-store trade-in option. With over 900 participating Target stores (and 500 being added in the next three months), consumers receive either credit toward a purchase, or a prepaid Target card for the value of the trade-in that can be used for any item sold at Target. Via the NextWorth.com website customers are given the options of cash or a giftcard when they trade-in. NextWorth also provides free, fully-insured UPS shipping service to all online customers.

If you’re looking for a quick way to come up with the cash for an iPad 2 their service is definitely worth a look. It’s a lot quicker than coordinating a sell yourself online, and in some cases they’re offering about 65% of the original value for the iPad during trade-in.

Just ahead of Apple’s upcoming iPad 2 announcement, Random House has begun populating the iBooks Store with such titles as Dan Brown’s The Da Vinci Code. The news comes just after the larger publisher announced it had agreed to the Cupertino, Calif. company’s “agency model” for pricing e-books sold to iPad and iPhone owners.

Earlier this week, Random House said it had adopted Apple’s pricing method for e-books partially at the request of book stores hoping to sell more electronic books to support lagging sales of physical titles. The tech giant has required publishers to adopt the “agency model,” where booksellers receive a 30 percent cut. Some publishers had objected, instead preferring Amazon’s tactic of selling e-books at a loss, hoping the increased demand for electronic reading material would boost its Kindle e-reader.