blender 2.5 alpha 0 is out and available to download.
The video sequencer is a full-featured non-linear editor and is capable of advanced composting.
The downside is no-one uses it for video editing and past versions have been difficult to work with.
But now that we have essentially free 64bit video editing I'm going to run it through some stress tests and do some test renders and (maybe) report back.
If this feature of the program gets some attention, more development energy may go into it.

