Apple today released Final Cut Express 4, a significant upgrade to its video editing software based on Apple’s award-winning Final Cut Pro 6, with a new lower lower price of US$199 ($99 upgrade). Final Cut Express 4 adds support for the latest AVCHD cameras, allows mixing of standard and high definition content on a single timeline, includes the ability to import iMovie ‘08 projects, and gives users access to hundreds of sophisticated FxPlug cinematic effects and filters. Final Cut Express 4 also features LiveType 2, which provides an intuitive environment for creating dynamic animated titles and includes an extensive library of animated fonts, textures, templates and effects. Final Cut Express 4 is available now.