Cineworks is available freeware and this version seems to work fine on 4.02 - the prevision comercial version didn't it would crash all the time. So down load and play (there is also a scanned copy of the manual on the web somewhere). As has been said the ability to import current standards is very limited and ARMovie files are rather big - full screen PAL in Cineworks is about 1.2GB per minute (if I remember from looking last night). Videodesk only works if you have the hardware and looking at both of them cineworks has better titling and effects, but videodesk has a nicer editting interface, but Cineworks an't bad (and it does Realtime effects preview). If Cineworks could read DV then it would actually be a very good freeware editor.
What to buy today for entry level. Defineitly a DV camera - and a PC or Mac with firewire and either Adobe premier elements (PC) and final cut express for mac. Both will provide you with the same type of interfrace as both cineworks and videodesk and similar functionality, but have alot more tranisition/titling effects (not that this really matters). Don't bother with prepackaged editors for XP or OS X unless you want something very simple. They just aren't that fun to use.
For the top end you have Final Cut Pro (on mac) or Premier on mac or PC. Both seem very good. But both will probably cost mroe then an entry level PC.
Good to see people enjoyed the article and hope you like the video when it is put on Drobe soon.