Refreshed internals, lower price point possible.
iLife '09 Now Shipping
iLife '09 brings major updates to iPhoto, iMovie and GarageBand, and also offers iDVD and an updated version of iWeb. It is priced at $79 for a single license or $99 for a family pack that permits installation on up to five computers in a single household. Users who purchased new or refurbished Macs on or after January 6th, 2009 may qualify for Apple's $9.95 Up-to-Date program.
Update: Apple has posted a press release announcing that iLife '09 will officially be available on Tuesday, January 27th.