Vimeo, YouTube’s significantly better dressed cousin, has just updated its iOS app. Aside from adding background video uploading, easier sharing on social networks, and some welcome interface refinements, the big news here is that Vimeo ditched one of the app’s marquee features: video editing. HOORAY! Why is this a good thing? Because it’s a clear indication that iOS based video editing has evolved to the point where mediocre tools are no longer relevant.