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Here are some tools that i find very usefull and use pretty well everyday.I have alot of other stuff to add so please check back when you have time.
Video Editing Tools:.

TMPGEnc 4.0 XPress:.
TMPGEnc 4.0 XPress encoder is now twice as powerful as before. Offering the most common file formats including HDV import/output along with DivX 6 AVI, MPEG-1/2/4, QuickTime (MOV), Windows Media (WMV/WMV-HD/WMA) input/output, and now with Flash Video (FLV1, FLV4) input!
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Ulead 11 Plus:.
Easy & Powerful Video Editing + DVD Authoring
All the editing and authoring tools found in the standard version, PLUS unique and powerful features including full HD DVD authoring, AVCHD support, Dolby® Digital 5.1 surround sound and a full set of easy corrective and creative filters.
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Sony's Umd Tools:.
With these applications you can create both PMF Files, and MPS (UMD Video) files, but as most of the release notes and readme's are in Japanese, you probably haven't got a chance making a UMD for yourself. The files all come packaged with PDF files that act as the readme files with instructions on how to use each of the applications.
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VirtualDubMod:.
VirtualDubMod is based on the famous video editing software VirtualDub by Avery Lee. Born as a unification of several existing modifications, a lot of new features have been added, including support for the matroska container format.
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Total Video Converter:.
Total Video Converter is a total solution for video conversion which supports reading, playing lots of video and audio formats and converting them to popular video formats. Total Video Converter includes a powerful media conversion engine internally so that you can convert media files with very fast speed.
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