Editing video in the cloud or "I shot Raging Bull 2 on my cellphone. Now what?"

Video editing software has an amazing range of prices and abilities. But surely the most fascinating new realm of editing software is the on-line editor, where videos can be spliced and diced in the cloud. That’s right, you can trim heads and add cross-dissolves way up there in the digital stratosphere. How do they do it? Magic.

If you’re wondering how to take advantage of the many cloud-based services out there, we have some ideas.

There’s much ado about cloud computing these days. Apple’s iCloud is just around the corner (okay, well, if by corner you mean ‘this Fall’) and promises dozens of features to help you access and manage content across devices. New SaaS apps are being released on a near daily basis. The topic even made Time magazine so you know it’s an idea whose mainstream time has come. So how do you take advantage of all these emerging resources?