Lightworks, the old dinosaur of video editing, has made it's first step to relevancy with it's public beta of it's updated software. Long forgotten, but not yet dead, Lightworks was used to edit hundreds of Hollywood movies. It recently fell out of favor, having been replaced by Avid and Final Cut Pro. Hopefully this new version will spark some new interest in this old industry favorite.
Currently it is available only on the PC. Things will get really interesting in late 2011, when it will also support Linux and OSX.