I just read this
article about a new app just released by Avid for the iPad 2. It is the first video editing app that I have heard of where people are actually positive about the user experience on the interface, so maybe it will actually be a useful program. For more on features, you can visit their
site on the iTunes store. There are some significant limitations, and it is really a consumer-level editor, but for only $5, every editor with an iPad will want to get this app.