What do you guys use for video encoding, editing, etc?

[waylay00]

What do you guys use to make Youtube videos of your playing, etc...?

Anyway,s I ask because I just received my new Panasonic PV-GS320 camcorder. I shot some footage last night, and I've captured it onto my hard drive as a raw AVI file.

Now, I would like to be able to take this footage and do the following:

Add a title
Trim the length
Export as H.264 with AAC or MP3 audio

What tools do I need to do this? I've tried Avid Free DV, but all the audio codecs are either obscure or antiquated (no MP3 or AAC, etc). And of course, Windows Movie Maker will only let me output files as WMV or AVI. I'm running Windows XP.

Any help on my situation?

Thanks,
Wade