Avid has released Avid Free DV on their website. The free video editing application was announced in January and provides a free Digital Video editing solution for Windows XP and Mac OS X:
A feature comparison of Avid's video products is provided here. Of note, the product does support two video video tracks, which has been a frequently requested feature for Apple's free iMovie application.
Perfect for students, DV camera owners, video enthusiasts or anyone exploring video editing - Avid Free DV software is an easy, free way to join the Avid family and test-drive the industry-standard editing interface used by more professionals than any other video editing solution.
Avid Free DV is feature-streamlined, standalone software which includes basic video and audio editing capabilities, up to two streams of real-time effects and support for both Windows XP and Macintosh OS X platforms.
A feature comparison of Avid's video products is provided here. Of note, the product does support two video video tracks, which has been a frequently requested feature for Apple's free iMovie application.