VLMC: VideoLAN Movie Creator
The folks behind one of the World’s favorite media player VideoLAN Media Player (VLC) are developing a video editor called VideoLAN Movie Creator(VLMC). VLMC will be cross-platform just like VLC media player and will work on Windows, Linux, and Mac platform.
It is under development stage at this moment. If you are feeling adventurous and want to test it then you can download a pre-release version from the VideoLAN Movie Creator website. Please keep in mind that this is an early release, and that it has lots of bugs.
Watch the two demo videos of VLMC created by the vlmcteam: