I tested the new version of MAGIX Movie Edit Pro MX Premium recently, version 18, and I was positively surprised. The application has played a good catch-up with Vegas Platinum and Premiere Elements.
The biggest new features in the new version are its stereo 3D support, full 24p support, and it has accelerated nVidia/AMD support for h.264 decoding & plugins. Three major third party video app developers added support for MAGIX too, proDAD VitaScene 2 (special effects), NewBlueFX Light Blends (transitions), and Red Giant Magic Bullet Quick Looks (color grading).
Other features include screen capturing, DVD/BD burning with various templates, multi-track, multi-cam, fast image stabilization, primary & secondary color correction, masks, good advanced modes in its exporting dialogs, and even Twixtor-like slow motion.
The app is not perfect though. Non-accelerated h.264 is not as fast as Sony Vegas’ plain decoding is, so you better start saving for an nVidia card. Then, the color correction plugins are not very versatile. Finally, the project properties dialog is missing some important setup options, compared to Vegas’.
On the other hand though, this app can do other things that Vegas can’t do, including 64bit support. Stability and overall speed were good while testing the app, although usability could use some touch-up.
Overall, I’d say that this version puts MAGIX on the top-3 of the consumer video editor market. It just needs more setup options in terms of flexibility, rather than more brand new advanced features (e.g. I’d like to tell my editor that my footage is interlaced, etc). But it seems to be getting there!