I missed any mention on the website of the watermark only i only saw this-
Trial download limitations:
In trial mode you can export 1/2 the duration of your source file up to 30 seconds
but thats not the point, the files its putting the watermark on arent even created with flip 4 mac!
although imovie is idealy for dv cameras it handles mpeg4 and avi very well and will allow you to edit them the same as dv files which is great for us people who all own little digital cameras shooting at 480 by 640 res at 30 frames a sec with sound
its just my way of thinking ,,, but i dont think it should be adding a watermark to files that it hasnt even created