Recently I strode the streets to test the new camera and ended up with some video. I’m a Flickr user and upload from iPhoto ’09. However, iPhoto would not upload the videos, which was entirely unexpected. That left the problem of what to do with them. As a quick fix, I copied them to the desktop and used the browser to upload them.
In terms of storage, iPhoto is a good place to keep videos, as they are downloaded with still photos from a still camera. You can tag them like photos. However, there are some disadvantages to storing them here. You can’t edit them. If you go into editing mode, the videos will be skipped. To play them, you double-click and that opens QuickTime Player. Here you can edit them to some degree.
Given that you can’t edit or upload video from iPhoto, I think it’s a better idea to store them in iMovie. iPhone video is in the H.264 format, which is imported into iMovie without modification. There you get all the benefits of the movie-editing controls and the storage in the iMovie library is very similar to that of iPhoto.