There are several nice tools available atm, and they're pretty competetive as well. I've tried a whole lot of em, and my favorite is Adobe Premiere atm. There's only one huge downside of this program, and that's the price... :wall:
Premier is ace, as is media studio. I'd recommend against any pinnacle software as it's very buggy when your doing a lot of editing and scenes. Which is a shame because it's extremely easy to use
Adobe Premiere Pro 7.0 is the one I use, awsome. Only problem I got with it is that it's not as good at compressing movies as VDub, so I have to work with the movies I make uncompressed while doing editing stuff, and then compress the entire movie with VDub afterwards. It takes up quite a lot of harddisc space. But other than that, Premiere is better than any other program.
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