There are other apps for video editing that work just as well as this one. However If you want to be able to add music to a video without getting it from iTunes, iMovie is handy. But thats the only great thing about it. You must keep the photos/video you have created from IMovie on your camera roll as well or it will be permanently lost, because iMovie does not actually save it. This seems like a major problem, as Ive read the reviews and others have had similar experiences where they spent hours on a project only for it to be deleted. So be careful. All in all Id say its mediocre.
Apersonjustratingfrick about iMovie, v2.2.3