Viddler, due to launch in september, will offer a unique functionality that is pretty exceptional : edit, discuss and share video. Until now we haven't seen much editing capabilities in other sites..

Viddler is a fresh, creative web application that allows you to upload, edit, and share digital video easily and expediently inside your web browser. We've been working hard on it, but it isn't quite finished yet. Once completed, Viddler will be free, with a "Premium Account" option for those who want more storage and capability.

Video capabilities are everywhere in our world today. From traditional camcorders, to video cell phones and even webcams. Video storage and editing, however, has existed mostly in 3rd party downloadable applications. Our vision consists of continuously improving Viddler.com as the premium online video delivery system.

Even I have been infected with the video bug and started expirimenting with Apple's iMovie this week, so you're warned, Viddler ! Make sure I can't get an account or I will share my movies with the world......
was kind enough to lead us towards Viddler. Thanks !