WMV Direct

WMV Direct is a video editor for Windows computers. It also works as a sort of WMV and ASF player. Those are also the only two input formats that the application will accept.
As an editor, WMV Direct allows you to cut and discard any part of the video and save it to another WMV file.

By selecting any part of the video and saving it, you can also perform a sort of cropping operation. The good thing about all the operations that can be done with WMV Direct is that there is no video encoding required. Thus, you don't lose time and all the operations are processed almost instantly. You can also save the video to AVI (with re-encoding) and save the audio stream to a WAV file. This is all done by selecting parts in the video with the marker system. I like the fact that you can also save snapshots of any given frame.

I mentioned that this program can also serve as a player, and it has a full-screen mode to justify that use. Though it is not rich in features for video playback, it can do it just right. For the editing of WMV and ASF videos, this is just a magnificent tool. It is very easy to use and most operations are done in a snap.