I have been playing around with different video editing and compressing software and came across VideoSpin from Pinnacle and its free. Some codecs can be used only for 15 days, but you can buy it if you need to use it. You have basic codecs for free, which is enough for normal use.

You have features to create videos from a bunch of videos, editing timelines, adding sound, titles, almost more than what you have in Windows movie maker. The other option is that you can upload the videos directly to your Youtube account or Yahoo Videos. The file size for uploads are small and optimized. I had uploaded a test video created by VideoSpin at Yahoo which I find good in quality

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Kishore Asokan.
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