Tracking Shot is a simple music video creation tool that apparently has been around for a while, but I just recently learned about it from Nathan Hall. Tracking Shot is kind of like a stripped-down version of Animoto.
To create a music video using Tracking Shot just upload some pictures, upload music, and let Tracking Shot mix the video. If you're not happy with the original mix, click the remix link and get a new version of the video. One of the limitations of Tracking Shot is that the only ways to share your videos is by email or by posting a link online. There doesn't appear to be an embed option available.
Applications for Education
Like Animoto, Tracking Shot isn't a tool that you would have students use for complex digital stories. For creating a short video book trailer or a for creating a short overview of a story, Tracking Shot could be a good tool to use.