The Consumer Electronics Show is typically a hardware-focused venue. But there are some software developers who use the event to launch new mobile applications.

The folks over at Sightera Technologies, for example, have just used the show to unveil their latest creation: Magisto. The iPhone app allows you to create entertaining, edited short films out of your boring old home movies.

But Magisto isn’t your typical video-editing application. It’s much more than that.

[tube]http://www.youtube.com/watch?v=2YL41fGxzvY[/tube]

To use the software, you must first register a free Magisto account. Once you’ve created a movie the app uploads it to Magisto’s servers for editing, and then emails you when it’s ready to go. From there, the program gives you several options to share the clip including Email, Facebook, and YouTube.

We’re not sure if Magisto will catch on or not, but it’s a cool concept. Especially for the folks who want to spice up some of their self-shot home videos who don’t have any experience with editing software. And it doesn’t hurt that it’s free.

If you want to check it out for yourself, Magisto is available now in the App Store.

Have you tried Magisto out yet? Thoughts?

[MacRumors]