Most video editing software for consumers and mainstream users is best used for one or another of these specific functions, but there are a few generalists out there, too. We look at the full spectrum: Free video editing software; paid consumer video editing programs that cost $80 or less; and "prosumer" versions that offer deeper feature sets, though usually for high purchase prices.
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I got this last week and have been transferring 10 to 20+ year old VHS and VHS-c movies to the computer. That is probably all I will ever use it for but it is doing a good job for me. Installed easily (Win 7 64 bit) and the editing software is good enough. I am just doing basic stuff. Splitting the video up by date and/or size (to keep it less than 2GB per file).
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As well as being free to download and use, Movie Maker Free Video Editor comes with an expansive library of features. As well as all of the standard cutting and trimming tools, the program allows you to apply effects, filters and transitions. You will be able to turn your clips into old-fashioned sepia, mirror them, change orientations, use fades and similar transitions, and apply whatever other elements you desire to help bring your videos to life. Each of these features is available to you with just a few clicks of your mouse.
The last downside, and perhaps the biggest one for some people, is the lack of 4K video recording. It's kind of a disappointment that phones can do it now but this DSLR still cannot. There are some comparably priced DSLRs from Nikon and others like Sony that have this feature. But honestly, even without this I will still prefer to stay with Canon simply because your camera is only as good as your lens, and Canon has probably the best lenses out there, but definitely without question has the widest selection of lenses to choose from.
VSDC Free Video Editor looks and feels just like a professional video editor. In fact, if feels almost identical to Final Cut Pro in a lot of ways. If you want to experience that style of in-depth video editing, this program is an epic way to do it for free. Be warned, though, that there's a steep learning curve unless you already have some experience.
The Dazzle Multimedia DM4100 Digital Video Creator is very useful to import video from your TV, VCR or DVD player into your PC for editing and then converting to PC video formats. The device is exceptionally good for making videos for use on the Web or as e-mail attachments. Thanks to its use of USB its very simple to install and can be "hot-swaped" with other USB device without rebooting your computer.