Although the newest iMovie audio features are great, some of you may still want access to the rubberband tool. Reader William Pytlik, like many, finds GarageBand cumbersome for simple audio edits. He passed on the following advice for using iMovieHD to edit audio instead of GarageBand:

To me the most significant issue with iMovie 08 is lack of manipulating multiple sound tracks. My solution is somewhat time consuming, but it does work.

I first create my video project in iMovie 08 and export it (under Share). This creates a .m4v file. I then import this file into iMovieHD -- drag and drop does not work here -- use File then Import... I really don't care about quality of the video since all I'm looking for is to be able to edit audio against a timeline.

I create the sound track using the iMovieHD capabilities and export the soundtrack ( not the video) using File, Export... Compress Movie for: Expert Settings, Share, Export: Sound to AIFF. The .aif file can be dragged and dropped (it works here) into the Project window. Obviously one should wait as long as possible to do this because changes to the video may require that the audio be changed as well.