YouTube has added a new cloud-based Video Editor that brings basic video editing everyone.

The YouTube Video Editor lets you do basic clip editing and also lets you swap the audio for a selection of music tracks.

Unfortunately, it’s also painfully limited and slow – to the point that it’s hard to imagine doing much more than trimming videos with it. Especially as much more powerful editors are included with many computers and even cell phones like the Apple iPhone 4.

I haven’t seen an official announcement from YouTube on this yet – and the Video Editor’s limitations may be why.

via GoogleOperatingSystem