Apple has released iMovie update version 8.0.5. “This update improves compatibility with a number of devices and fixes other minor issues”.
“Improved compatibility with camcorders using the iFrame video format and importing video from iPod nano. Fixed problems with resizing the iMovie window during playback”.
iFrame is “a video format is designed by Apple to speed up importing and editing by keeping the content in its native recorded format while editing. Based on industry standard technologies such as H.264 and AAC audio, iFrame produces small file sizes and simplifies the process of working with Video recorded with your camera”. You can read more about it here.
The update download size is 36MB. Available from the Apple Software Update Utility or from Apple’s site (direct link).