Whatever happened to the idea of a surprise launch we were expecting for the PlayStation 3 Video Editor? It's clear now that the editor will be coming to Europe. What one can look forward to from this editor is the ability to crop, zoom or slow down videos, as well as various sound and video tools. That's good use of an over-powerful graphics engine that otherwise simply zooms into the entrails of exploding bad guys and beautifully documents the same.

The PlayStation 3 Video Editor does not have a US launch date to it yet. However, Europe will be seeing it by Q1 for 10 Euros.
Engadget