Lifehacker has a short glowing review of the Open-Source video editing program “Lightworks” for Windows.

If you’re looking for capable video editing software on a budget (or not), Lightworks is definitely worth checking out. I tried it out on a Windows 7 nettop, which is about as slow of a computer as you can buy these days, and it performed phenomenally well. Lightworks handles most of what you’d expect from a professional editing application, such as video capture and import, GPU-accelerated real time effects (that you can layer on top of one another), color correction that doesn’t suck (which is more than I can say for Final Cut’s plug-ins), broad format support, and an autosave that just happens instantly without bothering you.

If you want to try it out, you can head on over to their site (currently down, probably overwhelmed).

via Lightworks Is a Speedy, Professional-Level (and Free) Open-Source Video Editor.