Importing iMovie 3.0.3 Projects into FCE

MacFixIt reports that Final Cut Express cannot import iMovie 3.0.3 files, saying that the project file isn’t an iMovie 3 file. No doubt this will be fixed in a future update. But if you’re creating movies in iMovie 3.0.3 and then handing them off to someone using FCE (or switching between the two programs yourself), for the time being you can open the preview QuickTime movie file that exists in your project folder from within Final Cut Express.