Adobe recently released the latest upgrade of Premiere Elements. Here's the link to a review of the program.
While I look forward to the day when I can recommend open source software solutions for simple non-linear editing, for now there's no doubt that Adobe, Apple, Sony and Pinnacle have each released affordable ($100 or less) video editing applications that are very impressive. In the case of Premiere Elements, Adobe offers a powerful, entry-level application which allows the end user to experience non-linear editing without spending piles of cash.
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