I've been experimenting with a variety of video editing software during the past week or so and thought I'd pass along my findings. All testing was done on my laptop with Windows XP sp3. Video was captured with a Panasonic HDC-SD9 Camcorder.
Instead of having a huge entry on the board, I thought it would be easier to point you folks to specific entries on my blog. Hope you don't mind.
Video testing results and observations: