CyberLink sent out a press release this morning, announcing the launch of MagicDirector 2. Fully compatible with CyberLink PowerCinema and Windows Vista Media Center, MagicDirector 2 lets users edit recorded and captured videos with a remote control. When finished, the video can be output for viewing on PSP and iPods or uploaded to the web.
CyberLink Corp. (5203.TWO), a world leader in digital home solutions, announced today the release of MagicDirector 2, automated video editing software enabling easy movie production from recorded video files and playback on PSP, iPods, and uploading to the web.

CyberLink MagicDirector incorporates a number of magic tools to edit videos automatically. MagicDirector's editing features are based on CyberLink's intelligent video editing technology called Magic Cut. By simply setting a length and a theme, Magic Cut intelligently analyzes content, retaining the best clips, and applies video effects automatically to produce final video productions.
MagicDirector 2 is available online in both Standard and Deluxe versions for $49.95 and $79.95 respectively. More information can be found on CyberLink's website.