The pros and cons of Windows (XP) Movie Maker 2.1.
Good: It’s easy to use, it’s a freebie with WinXP, it produces nice looking results.
Bad: It will only output MiniDV (huge files) or Windows Media (which a lot of people can’t play). Would it have killed them to at least let you spit MPEG out of it? It’s a very 1994 attitude towards interopability. On the other hand, if they’d done so, they’d probably have Adobe and ULead screaming about monopolies.