Web Video Recorder is great.... until you want to get a little more fancy with your editing. I use it for small jobs, but have to use other software when doing in-depth editing.
Since we do a lot of this for clients, I have found the AVS4You software suite suits all of my needs perfectly. I can not only edit the videos, but remake them and convert formats easily, as well as editing photos and creating slideshows. They offer a wide range of software that covers audio, graphic, and multimedia applications in one bundle that was not all that expensive to get. (find it at: AVS4You.com)
I STILL use Coffeecup for many things, and have almost all their programs. After the fancy editing, for programming and final tweaking, they can't be beat! :-)