Yeah, that is kinda a funny name
It features, multple tracking, transtions & keyframable transforms(I could only get motion transforms and not size transforms). On the downside it's kind of slow. It seems to try and render while scrubbing the timeline, which = slow.
My suggestions would only edit 320x240 video here, anything larger and it slows to a crawl. If using still images, you should resize them before hand. It does not support AVISynth either, so clip out to huffYUV using virtualdub. The "clipping" method included isn't my favorite way, it's kind of how After Effects does "clipping. I don't like it. I like Premiere's way, with splitting the file on the cut, instead of leaving a ghost of the remaining frames
Oh well..
You can get it @ http://www.debugmode.com/winmorph/
~klinky