Sony Vegas 6 Pays Off. I've actually loved SolnicFolundry's early efforts and Vegas 6 doesn't get reviewed by the mainstream magazines, but perhaps it cuts the difference between hard to understand professional stuff like Adobe Premiere Elements and easier to use buy buggy programs from Ulead and Pinnacle.
In any case, for $130, you get the Platinum version that does HD and is based on Vegas 6, the %600 big brother.