During today's iPad 2 event Apple took the opportunity to unveil two new Apps that will be available later this month. iMovie and Garageband will be available on March 11 alongside the iPad 2 and they will both be priced at $4.99.
iMovie will allow recording directly from the 720p rear camera on the iPad 2 and post the movies to YouTube, Facebook, Vimeo or a MobileMe gallery; watch them on a iPod, iPhone or iPad; as well as view them on an HDTV using AirPlay and Apple TV.
GarageBand features a collection of touch instruments and 8-track recording studio, allowing you to perform with onscreen keyboards, guitars, drums and basses using multi-touch gestures–even if you don’t play a musical instrument. The iOS version of Garageband is also compatible with the Mac version for easy movement between projects.