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I've been waiting for a better price on ColorDirector, and today I saw that PhotoDirector Suite 4 for $139.99 comes with both PhotoDirector Ultra and ColorDirector Ultra. The price includes a 5% discount for "Black Friday."
Although ColorDirector is useful by itself, it isn't a full-fledged video editor. You'll need an editor of some kind to do anything fancy.
The editor doesn't have to be a CyberLink product, since ColorDirector's output is a standard video file.
Jerry Schwartz