Apple today released iMovie HD 5.0.1, an update to its popular consumer video editing application. iMovie HD, which was announced earlier this month at Macworld Expo as part of iLife ’05, allows users to capture and edit High Definition Video (HDV) from the new generation of HDV camcorders. According to the release notes, the 2.4MB update addresses issues related to video and audio synchronization for DV projects and other minor issues. The iMovie update is available via the Mac OS X Software Update preference pane.