Eric Schmidt is on stage at MWC right now and just walked through a demo of a new app built specifically for Honeycomb and tablets called Movie Studio.  The app allows you to edit an entire movie just as you would on a PC in an above-average editing program.  You can add transitions, move around slides, include a music track, export it in a variety of formats and of course, share it with friends.

Check out the gallery after the break.