Apple on Thursday released Final Cut Express HD v3.5, an updated version of their video editing software aimed at video enthusiasts, schools and small businesses. New to this release is support for Dynamic RT, real-time playback of multi-stream effects, and more.

FInal Cut Express HD 3.5 features editing tools for DV and HDV video formats, and supports multiple video layers, real-time effects and transitions, color correction and matting filters and more.

In addition to Dynamic RT support, new features in this release include Soundtrack 1.5 -- an updated version of Apple's loop-based audio soundtrack creation tool. The update improves multitrack audio editing and single and multiple take recording.

LiveType 2.1 is also included. LiveType lets users adds animated text, royalty-free background and animated textures to their video projects. New features in LiveType 2.1 include new animated graphics, including 70 new animated objects, 15 new textures and 60 new customizable preset effects. New vector-based "LiveFont" technology lets you animate text styles and scale them to any resolution including High Definition (HD).

System requirements for Final Cut Express HD call for G4/500MHz or faster including Intel Core Duo, 512MB RAM, 1024 x 768 resolution, Quartz Extreme-compatible graphics, Mac OS X v10.4.6 or later, QuickTime 7.0.4 or later. HDV editing requires additional system resources.

Final Cut Express HD 3.5 costs £169 plus VAT. Owners of previous versions can upgrade for £55 plus VAT.