Video Editing Software
 

Does anyone know of any video editing software that is simple like WIndows Movie Maker but outputs higher quality video (since WMM reduces quality and no way of improving)? Also possible for the program to run with 512mb of ram? If not still suggest.

Thanks

It really depends on what quality you are looking for.

PC:
MeGUI - x264/XviD/lavc/Snow encoder with MP4/MKV/AVI output & audio - Doom9's Forum
Best encoding possibly in the world. You can do literally anything and it's the fastest encoding I've found.
Mac/PC:
HandBrake
Not as complicated, but not as customizable. I haven't tested the Windows version, but it does great encoding on Mac and it's the simplest around.

Not exactly what I'm looking for. I want a program for editing videos.

You can do some editing in VirtualDub. It edits AVI files and can capture and such. But not reall editing.

If you really want to do good video editing, Adobe Premiere, Final Cut Studio, and AVID are really the only choices. They all cost a butt load though. Final Cut Express is fantastic for it's price, its a stripped down version of Final Cut Pro. Hell even Apple's iMovie is better than Windows Movie Maker. But both those are for Mac only.

I'm really not sure what to use for PC that is affordable, other than Adobe Premiere Elements for $99. However, most people I know just use an old/pirated version of Adobe Premiere Pro. :D.

Nice!! Never heard of this before. Is this linux/osx/unix only? Or does it support WinXP?

I think you can always run it through an emulation layer like Cygwin if you can't get it compiled natively.