Boy Genius Report briefly notes that it has received a tip from a "pretty accurate" source claiming that Apple will be revamping its iDVD software as part of its next iLife release to include support for creation of iTunes LPs, the company's new format for providing enhanced content for music releases.
We've been informed that Apple plans to completely redo their iDVD application (in addition to others in iLife 2010), and besides iDVD not being refreshed in a pretty long time, one of the reasons appears to be the inclusion of iTunes LP creation. This will allow artists (indie and major) to create a custom iTunes LP and submit it directly to Apple right from the new application that will be a part of iLife 2010.
Previous rumors have suggested that the next-generation versions of iLife and iWork may be compatible only with Intel-based Macs and offer 64-bit support. Hints have also suggested that the new versions may not make an appearance until mid-2010 at the earliest.
iDVD's last major update occurred with the release of iLife '08 in August 2007. The application did not received any major changes as part of the iLife '09 suite released earlier this year.