The iMovie integration is cleaner than in the past (Final Cut Express HD could open iMovie HD projects directly), which turns out to be a benefit. Think of iMovie 08 as the place where you store all of your digital footage and cut together a quick rough version of your movie. (Don t get carried away audio clips, titles, Ken Burns effects, cropping, and video adjustments don t carry over, and any transitions are converted to cross dissolves in Final Cut.) Then share the movie as Final Cut XML.
In Final Cut Express, choose File -> Import -> Final Cut XML from iMovie (note the specific shout-out) and build from there. As long as you stick with the importing limitations, the leap between iMovie and Final Cut Express is straightforward.
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