Editing programs?

Got fraps to work at a decent framerate for me (its half screen but oh well)
now wondering what sort of editing programs are there to use?
the main one ive heard about is sony vegas
is that one the best to use? or is there others just as good?

Computer specs:
AMD Phenom II 550 Dual core processor 3.40 GHz
4Gb memory
ATI Radeon HD 5700 is what i think my graphics card is (not too sure if thats right XD)
Windows 7 Home Premium 64-Bit

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