Facebook is taking on Twitter/Vine with a video version of Instagram. The app will allow users to create a 15-second video (compared to 6 seconds for Vine) and will support 13 custom filters. Users will also be able to edit video frames and add a photo at he beginning.
Meanwhile, according to CNET, Vine may be reworking their app to add new features. Based on videos posted by Vine’s founders, the new features may include a new design, curation capabilities, private messaging and, perhaps, the ability to build Vines from previous footage. (All based on CNET’s interpretation of the videos).
Update: 7/16/13: MediaPost: Honda Does Personalized Vines For Summer