...use of timecode? I am aware that there are some free video editing software for PC out there, but I want to know if there is one that allows me to make use of the timecode. I want to break the whole capture into clips which can be manually set to the timecode starting and out points. Windows Movie Maker automatically breaks the movie up into clips, but not where I want it to break it up.

try downloading adobe premier via limewire.. thats where i got it, dunno if its still there...