From Womble Multimedia:
The Womble MPEG Video Wizard DVD is the MPEG editor with DVD authoring and full AC-3 encoder support, and it includes all the features and functionality of its predecessor the MPEG Video Wizard. The following is a list of some of the new features of MPEG Video Wizard DVD: frame accurate editing, fastest scrubbing of any MPEG editor, fastest frame stepping, and no re-encoding when editing DVD-compliant MPEG captures from the latest hardware boxes. Full AC-3 audio encoder support and DVD authoring with simple DVD menu creation.
What's new in this version:
Version 188.8.131.52 is a bug fixing release.