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My needs are fairly basic: combine clips, trim uneeded sections, and add a music track (mostly to cover up undesireable background noise). I would surely appreciate some feedback and recommendations based on user experience on what would be a suitable introduction to this area. In a commercial product for Windows, I'd probably look at the Sony Vegas Movie Studio HD Platinum Production Suite (which includes Sony's Sound Forge Audio Studio Software, too) for $124.95. I'm using SimplyMepis 11 (a free Linux distribution using a Debian Lenny base) on my wife's laptop right this minute, and it's got Kdenlive preinstalled.
I don't even bother to keep Windows installed on her laptop anymore (a Dell Inspiron 1720 with an Intel Core 2 Duo in it). But, applications like Kdenlive or OpenShot are available with a mouse click or two after you install most popular Linux distros, even if one of them is not preinstalled (like Kdenlive is with SimplyMEPIS 11).
If you have a USB Flash Drive handy you can test with , I'd probably give Linux Mint 11 and Kubuntu 11.04 a try and see what you think of them. Then, if you find one you like and want it to work faster, just use the distro's install icon to install it to your hard drive in a dual boot configuration with Windows.

Attached is a downsized screen capture from my wife's laptop I grabbed in June (not long after updating her to Mepis 11) showing the apps under Multimedia. If you try Mepis 11 from DVD and decide to install it, there are some things you'll probably want to do in order to tweak it some from defaults.
Just let me know if you try it and decide you like it and want to install it in a dual boot configuration with Windows, and I'll post more info on that kind of thing.
If you don't like free (as in Kdenlive or Openshot, which you'd be able to use by booting into Linux from a USB Flash Drive), then I'd try the Sony products I mentioned in my first post. They have trials you can download so you can see how they work for you, and the base Sony Vegas Movie HD Studio software starts out at $44.95. I'd make sure it works OK on your PC (download a trial version from Sony and try it) and that you like it before buying it.
But, that looks like a pretty good deal on it ($30 off the regular price with free shipping), and it appears that they may also have a rebate going on it right now, which would bring the price down to even less. Adobe Premiere Pro software offers a start-to-finish video production solution that includes Adobe OnLocation CS4 and Encore CS4 software.

I hope the above has helped you understand the options you have for HD video editing software.
Using Adobe Premiere Pro you can work with virtually any video format thanks to native editing support for DV, HDV, RED, Sony XDCAM, XDCAM EX, Panasonic P2, and AVCHD. VideoStudio is an affordable PC-based editing program that provides user-friendly editing, as well as a wide variety of titles, transitions and templates. There is a line of video editing software you can obtain - from the free Pinnacle Spin to the top-of-the-line Pinnacle Studio Ultimate Collection. Sony Vegas video editing software comes in several PC-compatible version, all of which support HD video editing.
In other words, you get everything you need to create fun and professional-looking home movies.

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