You can get Adobe Premiere(THE ultimative tool for video/audio enditing) for very cheap prices at ebay at the moment (http://search.ebay.com/Adobe-Premiere_W0QQ_trksidZm37QQfromZR40)

Wish I had the money, tried it out at a good friends studio once(he is a video cutter for commercial films for local television broadcasters) and I was just amazed by the easy workflow and how easily you could export a video into just any format.