Final Cut Studio 2 revealed. Yesterday, Apple announced Final Cut Studio 2, the latest version of the professional video production software. At an event at NAB, Apple showed the new features in Final Cut Pro 6, Motion 3, Compressor 3, and Soundtrack Pro 2. Apple also introduced Final Cut Server. Final Cut Studio 2 will be available in May for $1,299; an upgrade from Final Cut Studio 1 is $499. Final Cut Server is $1,999 and will be available in the summer.

Intel's new chips. Intel talked about its upcoming mobile processors. The company will start production on new Penryn-based processors later this year. Quad-core Penryn mobile processors are slated to be released in 2008, so we could see a quad-core WiMax-enabled MacBook Pro next year. Intel is also working on RAM made out of glass.

Apple is number 121! Apple is now number 121 on the Fortune 500 list. Microsoft is 49 on the list, HP is 14, IBM is 15, and Palm is 997. Number one on the list? Wal-Mart.

Steve Jobs' $1 salary. According to a proxy statement filed with the SEC, Jobs was paid a salary of $1 last year. But before you praise Jobs for his altruistic behavior, realize that Jobs receives stock as reimbursement for his services. The statement also revealed the big bucks Apple's CFO and COO received last year.

In other news: Adobe Creative Suite 3 is shipping, through we're still trying to figure out its pricing/packaging scheme. Adobe also announced Adobe Media Player. If you think the whole media player market is getting crowded with Adobe Media Player, Quicktime, and Windows Media Player, it's nothing compared to the flash memory market, where Sony and Sandisk are introducing SxS, another flash memory format to compete with SD, CompactFlash, xD, and more. A new patent offers a look at potential Apple TV 2.0 features. And finally, WiebeTech has released the Mouse Jiggler, a USB device that prevents your Mac from sleeping by simulating mouse movement.