Apple's latest releases of iLife is here and I was able to snag it up from the Apple store. I have only had a chance to look at a few things. How ever I have been lucky enough to play with iPhoto and iMovie.
iPhoto introduces Faces and places. A great way to tag people in your photo's and tag the places where your photo's where taken. If you do not have a GPS digital camera you can purchase an Eye-fi Explore card.
iPhoto also brings in flickr and facebook integration.
iMovie '09 brings back many of the features from iMovie HD that we lost with the '08 version. Now though we have Stabilization. There are more lower 3rd's graphics and more fun to play with!