Vegas
Full user review
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"best editing app available"
Pros
Great display, easy to use once apart from nothing being labeled. Tons of effects and transitions to choose from, also a very wide support for file extensions I've noticed a lot of other editors don't recognize as many files on my pc as vegas does.
Cons
Doesn't support H.264 h.264 quicktime codec, but it's alright since there's tons of alternatives in a variety of different extensions.