I am using lightroom since a few months. Very good, especially for White balance
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For other PC based editing programs, we have had several customers give good reviews of the Pinnacle Studio HD editing software which is compatible with the MP4 files. Adobe Premier Elements PC based program that is compatible with MP4 files.
I started with Vegas Pro a few years back, and found it extremely intuitive, and quite powerful....I also used the Cineform NeoScene( now eaten/reincarnated by/into GoPro Studio Professional), this so you can take the lousy 4-2-0 color space of the Canon 5 D mark II, and the h264 codec of it's mov files which are poor for editing, and then upsample to the cineform avi ( or cineform mov), in 4-2-2 or 4-4-4 color and 10 bit...The difference in results after white balancing or color corecting is amazing.....
Now I have switched to being anAdobe Creative Cloud member, and I use Adobe Premiere, along with Prelude, Speedgrade, and After Effects....and this also gets me Photoshop and Lightroom---and on two computers.....Even though I like Vegas, it can't compare with all the resources that Adobe now brings to bear with the CC account. As to learning curve, the tutorials are very good, and there is always Lynda.com
I heard that iMovie for MAC has video stabilization feature, which I really need, but I can't rebuild all my home system from Window to Mac because of this .
All google search for "iMovie for Windows" point to movavi, where I didn't find stabilization feature.
But for all other simple video tasks looks movavi can be not expensive and good solution.