From NCH Software:VideoPad is a free, professional, video editing application which allows you to create movie projects from various video clips or a single video file. It also allows you to import a wide variety of audio and video file formats including .avi, .wmv, .3gp, .wmv, .divx and many others.
Video Transitions and Effects: Fade transition effect gives your movie that professional touch. Preview the effects in real time. Customize the duration of the effect. Complete Video Optimization: Fine tune brightness, saturation and color for your video. Add still photos and digital images with a click of a button. Apply effects such as black & white, sepia tone and negatives. Add text captions to individual clips. Amazing Audio Tools: add up to 255 music tracks to your video project. Record narrations with the click of a button. Import pre-recorded narrations. Share With Your Family and Friends: burn to DVD and watch in your living room on your TV. Show off your latest pics and clips on PSP, iPod, iPhone, 3GP mobile phone or Pocket PC. Explore the most advanced way to burn HD DVDs and Blu-Ray Discs. Output video files and share your creation with more friends on computer or through the Internet. A professional version of VideoPad is available from NCH Software with additional supported formats and features.