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 [1].

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