Will be interesting to see how good it is. Video editing can be very time consuming, so I welcome the idea of a smart app doing it for you. If this is just for short "lolz" type videos I'm not interested, though.
For most people who just want to crop out the ends or the middle of a video of their kids various sports activities or make little tweaks with filters or audio its more than enough. Anybody who is serious into it will get themselves the correct tools but for Lizzie's soccer game its more than sufficient.