iMovie & GarageBand for iPad is now available for download in the App Store. Apple has released GarageBand for the both iPad 2 and iPad , iMovie for iPad 2, iPhone 4,
or iPod touch (4th generation)
& 
iMovie
Make beautiful HD movies anywhere with iMovie, the fast and fun moviemaking app for iPhone, iPod touch, and the amazing new iPad 2. Designed for the Multi-Touch screen, iMovie puts everything you need to tell your story at your fingertips. Browse and play projects in the stunning Marquee view. Make a movie in minutes by adding video, photos, music, and sound effects. Then give it the Hollywood treatment by adding a theme, titles, and transitions. And you can share your movie with the world – right from iMovie.
Download iMovie From App Store [iTunes-4.99$]
GarageBand
GarageBand turns your iPad into a collection of Touch Instruments and a full-featured recording studio — so you can make music anywhere you go. Use Multi-Touch gestures to play pianos, organs, guitars, drums, and basses on your iPad. They sound and play like their counterparts, but let you do things you could never do on a real instrument. Enjoy a full range of Smart Instruments that make you sound like a pro — even if you’ve never played a note before. Plug an electric guitar into your iPad and play through classic amps and stompbox effects. Use the built-in microphone or a guitar to record, or capture any performance. Then mix up to eight tracks to create a song you can share.
Download GarageBand From App Sotre [iTunes-4.99$]
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