Holy shit. A free video editing software that doesn't look like shit

Nice! Thanks for the heads up, I was looking for something like this when I started studying AfterFX.
 
Anyone working on this thing? The interface is beautiful but isn´t very intuitive. Also, it doesn´t accept any of my video files!
 
Looks pretty powerful for a free program. I wonder if it can edit raw video from the 5d Mark II without having to encode it to another format like I do for FCP
 
There is a link on the download page that has the codecs you need for it.

They´re just some matrox codecs. I´ve read on their forums that the program is still in beta, so it´s working with a very short list of video codecs. I like where this is going, but I will wait until the final version comes out. Until then I will stick with Premiere and AfterFX : /
 
The film editor for the King's Speech uses this free program? (top banner on home page) I find that hard to believe... especially if it is sucky like you guys say