Apple has released an update to its iMovie application for the iPhone 4, adding support for the fourth-generation iPod touch and several other new features. iMovie 1.1 adds the ability to split video clips and automatically loop music when video extends beyond the end of the music track. Users can also now scrub to preview clips in the Video Browser and view an in-app Tips page to learn how to use key features. The new version also includes an updated…
