This morning I am at Coe working with iMovieHD. I've tried out Final Cut Pro at the Poynter workshop, and iMovie 08 yesterday. Final Cut is an expensive program, and Coe just has a few copies. iMovie 08 is very hard to use. iMovieHD is the version before 08, and it is Just Right!
I think my students will be able to use it to create nice video packages for journalism.
Here's the one I created, with footage I taped at the Poynter Institute.