Video editing software?

If you have access to an iPad, maybe any of the free or really cheap iPad video editing apps for basic editing? (iMovie is the first that comes to mind). One would probably need the iPad camera connection kit (about $29 on the app store) to transfer files between the iPad and the desktop/laptop, and maybe some kind of video encoder software, depending on the format required for the project (can find a basic one for free on the web).