Microsoft has polished the new Movie Maker's storyboard, allowing faster and easier edits than previous versions, and it now supports audio editing. Despite its improved offering, CNET has given the new Windows Live Movie Maker a "so-so" rating. They concluded that although it's decent for its price (free), it doesn't top Apple's iMovie, if you have the cash.
Additionally, Microsoft unveiled a new high-definition webcam named LifeCam Cinema. The LifeCam makes use of ClearFrame Technology and an updated de-noiser, and can record 720p 16:9 video at up to 30 frames per second. It will start shipping next month for about $80.