Editing Video in Lightroom 4 @ DPB

Yes, you can edit video in Lightroom now, but its a very crude kind of editing. 

 

"Also from this view you can move your mouse over the image from left to right to scrub through the video file and get a sneak peek at the video. This is really helpful if you have many files which are similar and need to look for a certain frame. Lightroom changes the thumbnail of the video for you but you can easily change that. To do this first click on the Loupe View (shortcut click E) and then just to the right of the time indicator click the rectangular box and select Set Poster Frame. 

Although videos can’t be edited in the Develop module in Lightrom like you can your still images you can edit your video clips. In the Library module you can use the Quick Develop panel to apply any effects here to your videos. Since your Lightroom Presets  show up here you can give your video just about any look by applying any preset you have to the entire video clip. You can also adjust things like Exposure, Contrast, Blacks, Whites and vibrance here in the quick develop module."
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