Avid Technology today announced Avid Xpress DV v3, the latest version of its portable video editing solution featuring real-time effects and multiple simultaneous streams. New features in version 3 include more than 100 customizable real-time effects, a new user interface, a new keyframe model, a new Avid DV codec, five times faster MPEG encoding and more. Avid Xpress DV v3 will be available for Mac in mid-2002 for US$1,699.