Hot on the heels of Apple's announcement that they would be releasing iMovie for iPhone for video editing on the go, Nokia has released a video showing off video editing on the Nokia N8. This second video of a three-part series demonstrates the photo and video capabilities of the N8. The video editor seems just as fully featured as Apple's, including the ability to trim clips and add titles and transitions. There is also a photo editor that allows the user to crop, frame, and add icons and text. Finally, the video shows off the ability to connect any type of USB storage to the device to transfer content to and from the N8 if you fill up the phone's built-in 16 GB of memory with all of your masterpieces. After watching the past two videos, it seems that the N8 is shaping up to be quite a capable device. The built-in photo, video, and editing capabilities, along with the 12 megapixel camera, definitely help the N8 compete with the most powerful smartphones out today. There's still no U.S. carrier announced for the N8, but we're sure that you'll eventually be able to at least purchase the device straight from Nokia. What do you think of the N8?