There is a new development version of the video editing and VJ tool LiVES, a free, yet stable and powerful software package for editing digital videos, creating real time video displays and imagery, and mixing visuals and music.
It includes an RFX builder for creating effects and transitions, and can be extended through RFX plugins. LiVES handles most video formats and common audio formats. A long list of features and editing capabilities can be found on the LiVES web site.
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