I came at this product from a video editing angle so I'm not too up on the other features. Music software doesn't interest me so much as winamp and WMP work fine for me but its nice to have as an alternative. I've also not tested any of the backup software either.
On the video editing front, its all very standard but it all seems to actually work which is something relatively unique these days! Transitions are fine, video capture is good too (although I struggled using my dazzle with it) and there are basic video and audio effects which all spruce up your work. The layout is identical to all the other video editing software and its very easy to create something half decent. The only problem I did have was sound capture seemed a bit off in places.
The only downside is there is none of Sony or Pinnacle's back catalogue of features you can get if you want/need extra expert parts. It would make a good stepping stone from windows movie maker but its not distinguished or complete enough to be top of the game.