Video Edit is another application for iPhone users that allows you to edit, render and share your videos right from your iPhone. The makers of Video edit claim that it can render up to 10 times faster than Apples iMovie.
Since released back in March the application has already had an update. with some significant changes like HD 1280 x 720 rendering and your iPhone will no longer go to sleep when importing or rending a clip.
Below is a list of the new features in Video Edit and a video showing you what the application is capable of.
New features in the latest Version .96:
10x faster rendering than iMovie
Share HD Videos via email or your favorite social media
Added background uploading to Facebook & YouTube
HD Rendering & Uploading
Fixed timeline editing bug
Stability release for iOS 4.3
Update for users that experienced random freezing
Video Edit can purchase through your App Store for $2.99