Editor's Notes & Price Research
This very popular video editor app has many features, allowing you to add and edit effects, music, credits and more. With this app you can even edit video as it's being captured. Find out more at Vizzywig.com. - Corwin
Yes this app is the swiss army knife of video everything and is free for today.
This app hasn't been free for about two years and has almost stayed at the price of $19.99 or higher for most of that time.