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iMovie for iPhone 4 Released into App Store

Apple has released their version of iMovie into the App Store. The new App is $4.99 and requires an iPhone 4.

Make beautiful HD movies anywhere with iMovie, the fun, feature-rich video editing app for iPhone 4. Create a video postcard of your day at the beach and publish it to the web -- without ever leaving your spot in the sand. Or make a movie of your childs birthday party and send it to your parents -- while the party is in full swing. With iMovie for iPhone, you can start several projects and finish them whenever you want and wherever you are.

Apple introduced the App during the WWDC keynote, and has since confirmed an iPhone 4 is required. We suspect the requirement is due to the faster processor and more RAM that the iPhone 4 uniquely offers.