If you’ve been inspired by the success of The Artist at the Oscars and want to brush up on your skills, perhaps you’ll consider downloading this app by developers MacPhun. It’s just been updated with new editing tools as well as variable video speed, reverse mode and new video speed. A new sound track has also been added with music fade in/out functionality. There’s full HD support but only for the iPhone 4S and significant performance improvements and full compatibility with iOS 5.
This is a free update but if you have’t already downloaded this app, you can do so here. It retails for $1.99/£1.49.