On January 7th at Macworld, Steve Jobs announced that iDVD, iMovie, iPhoto, and iTunes would be available bundled together under the name iLife for US$49 on January 25th. iLife had since been postponed, but it is now available, as of today, for purchase.
As part of the iLife package, Apple also announced that iMovie 3, iPhoto 2 would continue to be available as free downloads. iTunes, too, would also continue to be available as a free download. iMovie and iPhoto have both been made available this afternoon as downloads from Appleis Web site.