Right now at MWC, Eric Schmidt is showing off a brand-new, Google-developed Android app: Movie Studio. The app, as the name may suggest, is a video editor. It's designed specifically for Honeycomb tablets, and as a video editor, that sort of makes sense. It's pretty rough trying to edit video on a smaller screen, though not impossible (which is to say, I imagine an XDA port for phones will happen as soon as an APK gets leaked).

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