Back in February of 2007 I said: "Perhaps a future release will redeem iClip, but as it is right now, version 4 does not even deserve the same name as version 3. Hopefully we won’t have to wait over a year for the next great release. This could really be a great application, worthy of 5 stars."

22 months later it's still the same initial version 4 release.
Over hyped, overpriced, and with poor support. I guess that Macheist is more profitable so improving iClip 4 has not been a priority.