Applying effects is as easy as drag and drop. But if you want to edit them, you'd need to right click on each clip and select Properties. You'd need to experiment with not-so-well documented parameters which take forever to preview just to see if you are on the right track. It is sort of easy to learn unless you want more than drag and drop controls. See More

I usually edit short videos from my life like play with kids, travel and bike rides, and sometimes do software project demos and tutorials. I tried all major tools in linux for video editing. Blender seems to be the most feature rich and consistent. It allows me to handle 4k video on my oldish laptop. It always feels so good that I buy its future for 20-50 bucks time to time. See More
Kino is a great program, but it only does standard definition video, and everything has to be converted to DV files (meaning you need a gigabyte for every 5 minutes of video, so editing an hour long video can easily take 12 gigabytes). Sound editing can also be a bit difficult, but one can always export the soundtrack, edit in Audacity, then dub it back in (and I’ve done this for a couple of videos I’ve made). It’s still my favorite video editing program in spite of these limitations, for now.
I am getting a bit sick of comments like this. Use BLENDER 3D!!!!!!!! It does not crash, it is powerful and it has more features than anything that you could pay for. How many programs out there can do camera tracking? Inserting animanton into your film using camera tracking? Complex fades that interack with your own art work? Plus of course all the basics. Be sure to watch the new film coming out that is made by the Blender foundation using almost nothing but blender. It is called Tears of Steal and should be out soon! (late August 2012)
I’ve twiddled around with a few of the programs mentioned here but they all seem horrifically counter-intuitive. That is to say, I could not figure them out. (and I have the strong motivation of a soccer team clamoring for their annual ‘best of’ movie.) Windows might be f#2%ed, but Apple is downright frightening these days. Free is more and more the only way to go.
Vidnami is an online video creator software (application) that helps you create fast, easy and professional-looking videos within minutes. It allows you to insert articles into the software and it automatically creates a good-looking video using the text from the article you inserted. It can also add great images, video backgrounds and even text to speech voices.