One of the new apps for iPad 2 is iMovie. It was originally released for the iPhone 4 this past June, but Apple recently updated it as a universal app for iPhone 4, iPad 2, and iPod touch 4. On the iPad 2, iMovie is fantastic.

The editing screen is set up similar to iMovie on the Mac and split into 3 different screens. On the bottom of the screen, you find the timeline for your movie, on the top left, you find available media, and video preview is located in the top right. The "My Projects" screen is beautifully designed to look like a vintage movie theater.

Editing movies is very easy on the iPad 2. You can preview clips by dragging your finger across them and trim the edges before adding them to your project. To move clips around in your timeline, simply drag it to where you want. If you want to split a clip, position the curser, select the clip, and swipe down along the curser. You can also easily record audio and video directly into the timeline.

iMovie is stocked with 8 different themes, each of which comes with its own title screen format, transitions, and theme music. It also comes with a plethora of sound effects to add to your movies. Sadly the new Trailer templates from iMovie '11 on Mac didn't make it into the iPad version but hopefully we'll see those in an update.

Sharing your movies is a breeze and iMovie is equipped the the ability to send directly to YouTube, Facebook, Vimeo, and CNN iReport. Just tap the familiar sharing arrow from the projects screen and make your selection.

I am very impressed with how well iMovie runs on the iPad 2. It responds well and performs tasks quickly. iMovie on the iPad may well become my primary video editing software - yes, I will chose it over iMovie '11 on my Mac.

To check out the movie I created in the video above, follow along after the break!

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