I am not sure if this helps, a post at http://www.oreillynet.com/digitalmedia/blog/2007/1 1/imovie_08_for_video_slideshows.html [oreillynet.com] says
"To specify a duration for each photo, we can mouse over a photo and click the little clock badge that appears in the lower left corner. From the sheet that appears we can choose a duration for this photo only, or change the duration of all the photos in the slideshow."
Does iMovie '08 have a way to change the duration, such that a section of video can run at 2x, 3x, or (any) increased speed? The old version of iMovie used to have that...but we're hard-pressed to find that functionality in the new version. After 2-3 hours of looking online through tutorials and FAQ, I thought I'd ask Sheldonistas.
Anyone have a suggestion?