"VirtualDub is a video capture/processing utility for 32-bit Windows platforms (95/98/ME/NT4/2000/XP), licensed under the GNU General Public License (GPL). It lacks the editing power of a general-purpose editor such as Adobe Premiere, but is streamlined for fast linear operations over video. It has batch-processing capabilities for processing large numbers of files and can be extended with third-party video filters. VirtualDub is mainly geared toward processing AVI files, although it can read (not write) MPEG-1 and also handle sets of BMP images."
VirtualDub, VirtualDubMOD, and VirtualDub-MPEG2 are handy tools for many applications, even for those of use who do have state-of-the-art non-linear editing systems. If you haven't already, check out the latest version of this powerful freeware program, then come back and post your comments on it here.