Magix has some fairly easy products to use. Movies to CD & DVD can capture directly from most devices--firewire, PCI capture card, VIVO vid card. Works pretty good with my GF4 Ti 4200 VIVO. Has a nice timeline feature where you can edit almost frame by frame when you zoom all the way in. Pre-made menu templates that you can customize, or you can just build it as direct play. Handy for porting DivX to DVD as well. If you have a CODEC installed, M2CD/DVD can import it directly (as long as the source isn't over 2GB)--even a stripped .vob from a DVD. You can also layer an additional audio track. I nabbed it from Circuit City for $40 over a year ago. Don't know if it's available as warez, but you should be able to grab it pretty cheap on e-bay or pricewatch.
I tried Ulead Movie Factory also, but it was too clunky and the encoded results were HUGE! Magix gives pretty straight forward control over bit-rates and quantization much like the TMPGEnc does (Variable, Quantization Scale, IPB structure--all the usual tricks). It's not the most powerful in the world, but I would rate it as one of the more flexible apps out there.
If it ain't broke don't try to fix it! But, hell if you can tweak that bastard just a little bit more....hehehe.