Surely this old piece of NLE operation is old news? Or has Apple got a more advanced plan using this patent? Could the new Apple data centre, the new iMovie and a new MobileMe account be the first inroads into cloud editing?
First of all, kudos for spotting the patent goes to Dennis Sellers over at Macsimum News check out the full article over there. Secondly, why the hell would Apple patent this 10 year old plus technology? If you take another look at the patent it actually says:
The edited time based stream is transferred to a sequential storage device to be recorded using an icon where the icon represents a function to be performed on the storage device.
Would this be editing to an online source?