Wednesday is apparently Apple Update Day, as the company has released iOS 4.1, iPhone Configuration Utility 3.1, and now iMovie 1.1 for iPhone and the new fourth-generation iPod touch.

You can also now scrub to preview clips in the Video Browser, the Photo Browser now displays newest images at the top, and a mute badge indicates when a video clip has had its audio disabled.
Other performance and reliability improvements round out this update, which is now available in the App Store. New customers can spend $5 to get iMovie, and it requires an iPhone 4 or fourth-generation iPod touch running iOS 4.1 or later.
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