QuickTime 7.6.6 for Leopard [1] is recommended for all QuickTime 7 users and according to Apple brings about "general reliability improvements for iMovie." Additionally, the update addresses a long list [2] of security vulnerabilities related to maliciously crafted audio or movie files that could allow attackers to cause crashes or run arbitrary code. The update is available via Software Update or the Apple Support Downloads page. (Free, 68.63 MB)
[1]: http://support.apple.com/kb/DL761
[2]: http://support.apple.com/kb/HT4104