The Novacut open source video editing platform is currently in development and looks like it could be quite the special video editing application.  Initially, Novacut is geared to exclusive compatibility with Canon HDSLRs; however, the Novacut team expects supported formats to grow quickly.

The most ambitious part of the Novacut product is the cloud editing possibilities.  Novacut is designed to allow multiple users work with the same project at the same time. [Read more…]