(Click the image above for a closer look.)
Movie Maker has long been a relatively unloved video editing application that a lot of people have never even touched, but as more and more people go digital with their video, free video editors like Movie Maker will likely become more useful and used by the general public.
The new and improved Windows Live Movie Maker sports the now ubiquitous-in-Windows-apps ribbon menu (mentioned above), supports HD video, has built-in tools to upload your videos to YouTube, and can share to other popular video sharing sites with the right plug-ins.
Windows Live Movie Maker is freeware, Windows Vista and Windows 7 only. If you have time to give it the full run-through, let's hear how you like the new and improved Movie Maker in the comments. Looking for something a little more robust? Check out our six best video editing applications.