This is incorrectly labeled as having a version 7.0 - "iMovie HD" is a seperate program from "iMovie" (even apple's installer treats it that way).

Updated with release of iLife '08. Note, iMovie '06 is still installed on the users system and accessible even when iMovie '08 is installed.

This update addresses compatibility for accessing Aperture 1.5 content in iMovie HD. It also improves overall stability and addresses a number of other minor issues.