Having more options in this version of iMovie is spoiling me, because I find myself wanting more—and reminding myself that iMovie was created as an app for mobile devices.

For example, Apple doesn’t even try to support the variety of video formats that people are likely to be shooting in. Footage is assumed to come from the iPad’s cameras, an iPhone 4, or a fourth-generation iPod touch (H.264 up to 720p, MPEG-4). AVCHD? Go to the desktop. Based on the video-capture devices at hand, I was able to import and edit footage from a Flip Mino HD, but not a Canon Powershot G12.

Now that iMovie supports multiple audio tracks, I would like to see the capability to extract audio from a video clip, so I could intercut scenes or perform a cutaway shot while the video clip’s audio continues to play.

Going back to the projects screen, the movie you were just working on isn’t selected. So if you want to play that movie full-screen, or share it to a video service, you must scroll to locate it again in the list.

Lastly, accessing songs and photos needs finer organization. If you sync photos from iPhoto, for example, events, albums, smart albums, and Faces are tossed into one long alphabetical list. And the Audio pane, particularly the Songs list, really needs the same sort of letter shortcut control that runs alongside the Contacts list in the FaceTime app for jumping through the library.