AVI MPEG WMV Editor
Powerhouse all-in-one video editing, conversion (two-way among MPEG-1, MPEG-2, AVI, WMV, etc); recording; CD ripping; audio, video (VCD/SVCD/DVD), and data CD/DVD burning; playback; and much more.
http://www.blazemp.com/blaze_media_pro.asp