Well, the award goes to  Massimiliano Pini for being the first to provide me with the locations to change in the new update of iMovie (iMovie 7.0.1).

In simplified syntax, change the following:

11A820: 7C 08 02 A6 -> 4E 80 00 20

11A8B0: 7C 08 02 A6 -> 4E 80 00 20

Or, once again, you can download the link below...