For the cheap end... If you come down to Ulead or Pinnacle, go with Pinnacle and save yourself a few headaches. One thing I really don't like about Pinnacle though is when you do a slow-mo clip you can see grids in your video. Other then that I think it does PLENTY, unless of course you want to add flying cows singing and spitting tornado videos out of their mouth. Or you have video of WF and you want to flip flop him back and forth with an image of Dorthy. I guess maybe I should mention one thing. I imagine with those high priced solutions you have much nicer control over video adjustments like contrast, saturation, etc, then you would with Pinnacle. I myself want a nicer solution just for the slo-mos and for the level adjusting I'd love to do to my POS video quality I get from my little mini-dv.
Back to the cheap two. I could not get Ulead video studio to capture in either full dv or mpeg 2. It would capture a few frames, drop a few, over and over. I have a 900mghz processor, and 512mb or ram with all other programs shut down. I was using fire wire. I was told over and over it should be capturing just fine. Re-installed....same problem. One day for the heck of it I picked up Pinnacle 8. I changed nada on my puter. It worked like a champ. I don't drop ANY frames let alone 35% of them using Pinnacle and having changed nothing. I realize for most of us without deep pockets it will come down to probably those two. Go with Pinnacle.
Mike