Answer by sfrancis928 · Feb 06, 2012 at 04:14 AM
Yeah, iMovie '11. The next step up worth mentioning would be Final Cut Pro for $300. It's an awesome program, I just upgraded from FCP7 and I LOVE it. But if iMovie suits all your needs then hey, you've already got it. No cost.
I know they're working on a Mac OS X version of LIghtworks, the open-source professional editing software. I'll definitely be downloading that when it's released.
And if you're looking to do any VFX or motion graphics, Motion 5 is only $50 in the App Store. Pretty amazing considering the capabilities of the program.