Lumify Movie Studio hits 3.0, brings full-featured video editing to iPhone — from maclife.com by J.R. Bookwalter

 

LumifyMovieStudio-Jan2013

Compatible with iPhone, iPod touch, and iPad. Requires iOS 5.0 or later.
This app is optimized for iPhone 5.

 

From DSC:
I have not tried this, but it looks very interesting…feedback anyone?