Formac today announced an upgrade program for its Studio dv/tv FireWire media converter. The upgrade program allows owners of the Studio dv/tv to upgrade their device to take full advantage of Apple’s new iMovie 3 software, and adds digital audio recording capability with up to 48 Khz at 16 bit. Owners of Formac’s latest version of Studio dv/tv, equipped with an EPROM version of 1.06 or higher, can upgrade their device for free by downloading the new software package from the company’s Web site. An upgrade program for earlier versions of the Studio dv/tv is also available for US$49.