Corel just launched VideoStudio X2, its latest program for editing and creating video content. Like Roxio Creator 2009, VideoStudio X2 now has the ability to author Blu-ray DVDs. That is, more than just burning a data disc, you can burn movies onto a Blu-ray disc, complete with titles, and play it on your notebook or Blu-ray player like any other movie. You can import BDMV files directly from Blu-ray camcorders. Additionally, the program supports popular high-definition formats such as HDV, AVCHD, and TOD. Otherwise, the program heavily emphasizes enhanced speed and creative effects. One of the neatest features is Enhanced Smart Proxy Editing, which allows users to start editing right away at a lower resolution, while, in the background, the program processes the footage at full resolution. The program also has a feature allowing users to draw and paint on their movies, and show these drawings as animations. Other creative additions include new overlay objects, frames, Flash animations, and Blu-ray-specific menu templates. The software also has five image filters, including one that can make movies look like Silent Film era hand-cranked films. The program can also now import movies from and export to the iPhone and iPod Touch (too bad the iPhone still can’t record video, though). Users can also resize any panel in VideoStudio X2′s interface. Corel also boasts a more streamlined YouTube uploader. It’s also optimized to work with Intel quad core processors. The program will retail on its own for $99.99. Customers upgrading from VideoStudio 6, 7, 8, 9, 10, and 11 Standard and Pro can do so for $59.99. A bundle which also includes Corel Paint Shop Pro Photo X2 will sell for $149.