Picked up a mini over the past weekend after I discovered I can upload my go pro footage right off the SD card and they made the ipad compatible to edit videos. My MacBook is old and can't handle it anymore. I forgot to buy the adaptor so last night I decided to record the ferrets goofing around and do some small editing there. To be honest I am getting tired off IMovie as there aren't a ton of options to utilize to enhance the effects of the movie but I'm sure some apps will start being made for editing on the new iPads. If any of you know of any let me know ill check em out. As far as the smoothness of editing on the ipad though it is very nice and its a huge upgrade from the MacBook. The uploading time was much faster as well.
Here is the video, http://m.youtube.com/#/watch?v=nWLDG8c9-i8
I could have sworn I selected upload in 1080p but I guess I didn't so the highest is 720p.