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What is the best Video Editing software that works on Vista 64 bit?

I would like your opinions (based on experience) of the best video editing software for the PC.
Here are the specs of my hardware:
- Intel Dual Core 3.x Ghz processor
- 4GB of RAM
- 1 TB hard drive;
- geForce 8400 video card with 512 MB of on board RAM
- OS is MS Vista 64 bit.

I have a budget of $50 to $150, so the Adobe CS series and Final Cut types are out of the question.
I'm editing family video to make nice DVDs with background music transitions and menus. I would also like to be able to edit the sound track to clean up background noise, if possible.
I'm not doing any professional editing, but would like it to look as professional as possible.

I have considered Pinnacle; Adobe Premier Elements; Roxio Media Creator 10 and a few others. Pinnacle seems to get the best editorial reviews, but user reviews are not as good.

So, given these parameters - What would be your choice for video editing software?

Thanks

MerijnB

I have good experiences with Magix: http://www.magix.com/us/movie-edit-pro/plus/pr/

and: http://www.magix.com/us/magix-ag/press/press-releases/press-release/article/magix-vista-enabled/

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Merete

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ASKER

Thanks for your help. You really helped me get the info I needed.

Merete

My pleasure and you are most welcome.
Thank you

Raftermen

I am a Viste Ultimate 64bit user and I find that Cyberlinks PowerDirector works very well although running as a 32bit app as does Ulead. One of the importing addittions would be ram but I see you are running 4GB's which is good.