Apple releases Final Cut Express 4.0, cuts price

Apple announced a new version of its consumer video editing software, Final Cut Express 3.0.

The new version brings several new features :
- Built-in AVCHD
- Import iMovie ’08 projects
- Open format Timeline
- Sophisticated FxPlug effects and filters

More information on the product can be found on Apple's web site.

In addition, Apple has decided to cut the pricing of Final Cut Express to $199 from $399.