Some of these posts are borderline hilarious. Saying that with the drive and 1 hour you can be pro at vegas is insulting to people that can ACTUALLY edit. Also saying that there are none and you absolutely have to buy non linear software is crazy too. As someone else has already mentioned light works is COMPLETELY free and open sourced. It may not be as easy as lets say fcp, vegas, premier, or others but it is completely free. Think about what kind of final product you would like to end up with and how much you are, would be willing to spend and then go from there. You may be able to get away with iMovie or movie maker. They are better than most think. If its not enough then try out light works. If that is too hard then you need to take the next step and invest in something. Final Cut X is 300 dollars and would be way more than enough to handle 99.9% of projects. If you don't have a mac you can download Adobe Premiere Elements 10 for under 100 bucks and you should be able to get by with that as well.
Edit: as for the .mov files, you could download mpeg stream clip for free and transcode them to whatever files work best with whatever software you end up getting.
Last edited by l burke l; 12-22-2011 at 12:35 AM.