Not sure if this is allowed on this forum, but AVS Video Editor is available for FREE today only at: http://www.giveawayoftheday.com (no adware/spyware)
I gave it a try. You get a registration key and everything, so its not a demo. I also compared the version I got to the one on AVS's website, and it's the same version.
I know its not Vegas or Premier, but for someone wanting a simple free editor, its not bad. I did a quick edit/convert from a FLV file to an iPod AVC file and it worked without any issues.
Enjoy!
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Updated with remaining time and additional information I discovered after playing with it.
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