You may want to expand into specialty and high-end features like stop-motion video, multi-camera editing, 3D 360 VR, and support for the official Ultra HD 4K format used by most Blu-ray players. You’ll generally find that the most expensive consumer video editors support these features well, and the cheaper ones either don’t support them or produce lackluster results.

I like the simplicity of Windows Moviemaker. I like that the application can be used by a beginner in video editing. This application is perfect for splicing together slideshows and putting together home movies. It's pretty cool that you can also easily share your video. Furthermore, Moviemaker is versatile in that it allows the importation and exportation of a wide variety of file types.
I bought this used for roughly $45. The set up wasn't too bad, of course there were things I had to figure out and work around to get this to work. The TV I used was an old tv with only composite connection, the one with red, yellow, and white. And the quality was, as you guessed, subpar at best. The biggest problem for me was the subtitles, I could barely read the blurred subtitles in my recordings. I eventually had to buy the madcatz universal cable with the S-video connection to work around this problem. You can youtube how to connect S-video with dazzle for this info.
We combined a text opener with five clips linked by a cross-fade-type transition into a 2.5-minute video shot at 60 frames per second, and rendered the projects to the MPEG-4 format at 720p. We timed rendering at both 60 fps and 30 fps. We adjusted settings to take advantage of hardware acceleration for all tests whenever possible, setting them in either the preferences or the rendering controls for the best speeds. Apple’s iMovie, the lone Mac-only app, is not included in the timed comparisons.