Windows Movie Maker
Windows Movie Maker is a fully-featured free video editor that includes recording module, effects and title generator
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This free video editor has dozens of transition effects, as well as plenty of video effects. Video clips can be sharpened, aged, sped up or slowed down. A simple title generator has also been added. A storyboard is also available to make for speedy video arrangement. One click in the timeline option can rearrange your clips as well as trim your video and audio.
The recording feature supports analog as well as digital sources, and can save stills from videos. Microsoft exports your files using its own Windows Media 9 format. Also supported are DV-AVI, as well as video for Pocket PCs.