There are several.
Affordable, Costly, Easy to Use, A bit less easy to use, Sparsely featured, fully "loaded"
The Usual Suspects are
Pinnacle Studio,
Adobe Premiere Elements
Ulead Video Studio
Ulead MovieFactory (Mainly for DVD making though it has some editiing capabilities)
Sony Vegas Movie Studio
Nero Vision 5 ( Part of Nero 8) or Nero Vision 4 ( Part of Nero 7)
Magix
Roxio Media Suite
Cyberlink DVD suite
Are generally affordable, and learnable
The listing is random and Not in any particular order of preference and not exhasutive ..
Quite a few have downloadable Trial versions which tend to be time limited fully working, or disabled in some way to give you a taster
You would need Firewire to capture and a reasonably large HDD
I have ommited the more costly and perhaps less newbee friendly titles even if some swear by them
Windows does have Movie Maker which is free and usable.TheXp version has no DVD making abilities though
There is a link to user forums to in the FAQ