With experience in field and studio editing Movie Maker and Ulead drives me nuts.
It is typical software that is written by folks that have never shot video or had to edit on the fly (field) or in a studio environment. Something like microsoft although their movie maker isnt that bad. It is a field which requires a lot of experience to get good results and what I dont like is the compression necessary to upload to the web and deteriation of video quality.
Presently I use a Canon ZR 950. It is not commerciail but it isnt cheap either.