Does iMovie '08 have chroma key (or one of the many other names for it) abilities? I'm thinking of upgrading to iLife '08 sooner if it does, so I could use it for school next year (video class).
I can't say for certain if iMovie 08 has chroma keying built in, but I'd suspect that it doesn't as that seems to be reserved for the more professional apps (like Final Cut Pro). HOWEVER you can purchase chroma key 'plug ins' for iMovie that only cost about $49 so it is much cheaper than buying Final Cut Pro. The catch of course, is that iMovie 08 CANNOT use the plug ins that the previous versions used....there are quite a few plug ins out there for iMovie....a bit of an industry has sprung up around iMovie. SO....the problem is that with iMovie 8 you CAN'T use the plug ins. The solution is, if you have iLife 08 you can download iMovie HD6 for free at this link:
With this version of iMovie you can install a chroma key plug in and use it. I would bet that before too long there will be plug ins popping up for the new version of iMovie 08. But until then, you can use this workaround. Just google iMovie chroma keying and you'll find some plug in's from c/fx and others.