I have two Sony DVMCs, a DA1 and a DA2. As has been reported here, iMovie 05 does not work with the DA1. It does work with the DA2. Both work fine in iMovie 04. If you try to reinstall iMovie 04, it will complain that a newer version is already present. Here's how to fix that.

Late 2004/Early 2005: New rumors of a sub-$500 Macintosh surface.

January 11, 2005: The Mac Mini is announced at the Macworld Expo Keynote and will start shipping on January 22. The rumors are correct: the base model is a 1.25 GHz G4 with 256 MB RAM. It also has a 40 GB hard drive and combo drive (DVD-ROM/CD-RW.)