iLife Updates (iTunes, iMovie, iPhoto, iDVD, New App)
Apple announced significant improvements in their suite of iLife applications. The new versions fall under "iLife '04":
iPhoto has seen the most dramatic improvements with performance enhancements as well as a number of iTunes-like features. These include smart albums, photo rating, rendezvous photo sharing and improved slideshows.
iMovie '04 brings additional flexibility in editiong, iSight support, and improved sharing support.
iDVD now offers up to two hours of encoding on a standard DVD using an improved encoder from Final Cut Pro. 20 new themes and overview modes are also offered.
Steve Jobs noted in the keynote that the entire iLife suite will come with all new Macs.
More Info: MacRumors Live Coverage Notes