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An excellent tool for cutting SD and HD mpeg-2 streams, has finally got the interface overhaul many users, including me, have wanted for months 
changelog for 1.66:
NOTE: .NET Framework 1.1 is needed
changelog for 1.66:
* Feature: New dynamic GUI
* Feature: RGB24 color space for encoding. RGB24 default (no codec needed), YV12 optional (special codec required)
* Bugfix:16:9 <-> 4:3 transistion optimized
* Feature: New encoding provider for QuEnc. (AviSynth needed)
* Feature: Added HDTV template for TMPGEnc
* Feature: dgmpgdec/dgindex d2v creation for result streams (instead of DVD2AVI)
* Feature: QuickJumpDialog with dynamic GUI
* Feature: mux provider can get chapter lists for authoring
* Feature: multiple markers
* Feature: multi selection in cut list
* huge amount of errors corrected
* Feature: RGB24 color space for encoding. RGB24 default (no codec needed), YV12 optional (special codec required)
* Bugfix:16:9 <-> 4:3 transistion optimized
* Feature: New encoding provider for QuEnc. (AviSynth needed)
* Feature: Added HDTV template for TMPGEnc
* Feature: dgmpgdec/dgindex d2v creation for result streams (instead of DVD2AVI)
* Feature: QuickJumpDialog with dynamic GUI
* Feature: mux provider can get chapter lists for authoring
* Feature: multiple markers
* Feature: multi selection in cut list
* huge amount of errors corrected
