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(No, I wasn't at my best when I taped that clip...)
Update: OMFG I need a *faster* mac. I imported 16 minutes of 16:9 anamorphic video. Before iMovie can do anything with it, it has to letterbox it. So far, 20 minutes later, it's less than 1/2 done with letterboxing the imported video. Argh! 866mhz just doesn't cut it anymore for DV editing...
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