"Corel VideoStudio® Pro X2 is an all-in-one video-editing software for creating high-quality HD and standard-definition movies, slide shows and DVDs. Edit video or photos quickly and easily using the Movie Wizard, or take full control with hands-on creative tools. Even paint, write or draw on your video. Burn your movies on DVDs, or high-definition AVCHD and Blu-ray discs. Share on PSP®, iPod® or iPhone®, upload directly to YouTube. Watch your movies on set-top players or with the included Corel® WinDVD®."

Formerly known as Ulead VideoStudio, Corel is slowly changing the Ulead brand into their own, and this latest release of VideoStudio looks like a solid one with exciting new features. One thing that caught my eye right away is that it's optimized for Intel Quad Core CPUs - meaning that when it's rendering video, I expect to see it happily using up all four cores to get maximum performance out of the CPU I'm using on my video editing computer. Compare that with Pinnacle Studio 12, which uses about 15% of my total CPU power when rendering video, and you can tell which one I'll likely prefer to use. Some other notable new features include the Painting Creator, which allows you to draw directly onto your video frames, and Smart Proxy editing which allows you to work quickly and easily with HD video clips by only changing the parts that it needs to change - meaning less overall system load. With the full version costing $99, this is a compelling alternative to Adobe Premiere Elements.
As a side note, I registered an account at Corel's Web site to download the trial version (I'm in Seattle right now, and the my press copy of the software is at home), only to be directed to a download page at CNET, so I felt a little tricked - go to the CNET download page and grab the file yourself. This system is still better than Sony's system though where, when you download a trial version of their video editing software, they force you to register the software before you can use it. I find it quite impressive that the software was just released yesterday and it already has 1.9 million downloads at the time of this writing.
The full press release is after the break. Read more...