Neowin reports that Windows Live Movie Maker will be released today

Windows Live Movie Maker allows for direct YouTube, Facebook (through plugins), burn straight to DVD, save in 480, 720 or 1080p HD video format or play through your HDTV. Auto Movie allows users to easily create a video automatically for you in under one minute using selected images, captions, a title and soundtrack to go along with the slides.

The new Movie Maker comes with dozens of polished features over previous versions. Live Movie maker introduces a smarter storyboard, allowing faster and easier editing than before, audio editing in the storyboard is also available. Detailed animations are available for usage for adjusting videos and images with a range of filters and transitions.

Windows Live Movie Maker to be released today