What is the latest version of iMovie?

I have iMovie 09. Is iMovie HD better?
Also, where are all the effects? I see the transitions such as "fade in" "spin" and stuff like that, but where is all the flashing and the shaking and the cool effects?
Message was edited by: laikaisdead

The latest version of iMovie is iMovie 09 (v8.0.6)
Some folks prefer iMovie HD, but this hasn't been developed since 2006.
For more on iMovie, check the iMovie forum:
http://discussions.apple.com/category.jspa?categoryID=141
Regards
TD

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