The free trial lasts for 30 or 60 days, can't remember. It does cost $85 to buy. It has a fairly steep learning curve but probably does more than Windows Movie Studio or other free ones out there. It is one of the few that does capture and work with HD content.
If you are looking for the highest quality the final cut pro is pretty sweet. If you are looking for decent quality at a good price then you can get by with the Adobe Products such as Premiere or Priemere Elements.
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