Actually, you couldn't possibly be expected to know about that thread. I'd hardly apologize-it's cool. And, in answer:
The editor will certainly have cinema capabilities. The devs said it's fairly simple to use, but they haven't gone into specifics. It's certainly helpful to know that the game is easily moddable and models can actually be replaced (raining cows!) with other models to create some very interesting effects, as mentioned in the paranthesis. One of the Fantasy Fridays gave use general editor info, although it's probably not exactly what you're looking for.