eZedia today announced the release eZeClip 1.0, its latest iMovie 2 plug-in that allows users to create picture-in-picture and split screen effects. eZeClip can position, resize, loop, add borders, and apply drop shadows to an additional QuickTime movie over an iMovie 2 clip. eZeClip 1.0 is available exclusively for the Mac OS X version of iMovie 2 for US$29.