Is there a decent free basic editor that works on WMV and MPEG (non-AVI in general) that does NOT re-encode? I like that feature in Virtual Dub, but other than that I don't much like it.
I had been looking for a long time for such an editor - but in vain. For $19.95 I bought this one ( Easy Video Editor for FLV, WMV, MP4, AVI etc files
) which works very well and is easy to use. And it is really lossless. I think they have a 4 week trial, so you can check it out.