I'm a Steven Spielberg wannabe. I don't miss the trimmer. I rarely used it in version one. I begin putting the whole video (in my case usually a MPEG file) on the timeline. Next, I break it into scenes. You can easily break a video using the split feature available off edit on the menu bar. You can zoom in and combined with the nudge feature (use your left and right arrow keys on your keyboard) get to exactly the frames you want for starting and ending points of a specific scene. I next do some rough editing of the scene I'm working on, apply whatever filtering I think is called for, then render just this one scene in a lossless format like uncompressed AVI. Proceed through your whole video doing the same thing naming the files in sequence. You'll end up with a bunch of AVI files. Clear the timeline, I also restart VF, it don't hurt to reboot to get all your system resource back then one at a time drag the AVI files you just created to the timeline. Adjust crossfades, apply transations, tweak soundtrack, add text, etc., render in your final format. It is much easier in the doing than in the describing. Once you're happy with the final results get rid of the AVI files you created to claim back your hard drive. There's other ways of editing with Video Factory, this is kind of a Rube Goldberg method that works best for me.