Like the new style of the app, love the new style but it just doesnt work well enough, no effects, no themes, and how do you get your movies stored in itunes into imovie, for me this just wont happen although it will play the clip in the media browser plus only half of my movies in iphoto will show up in imovie the rest just seem to get ignored, tried to do a file import but unless you have got all night to wait for a five minute clip to import better forget it.
Any way bit of a downgrade in many respects hope it gets sorted soon.