Mid-level video editing software advice

I am going to be building my first computer (with help from members here), and will need new video editing software once I'm done. Any advice on which way to go?

This is pretty much the system I'll be building:


CPU: Intel Core i7-3770K 3.5GHz Quad-Core Processor ($319.99 @ Amazon)
Motherboard: Asus P8Z77-V PRO ATX LGA1155 Motherboard ($189.99 @ NCIX US)
Memory: Corsair Vengeance LP 16GB (2 x 8GB) DDR3-1600 Memory ($81.57 @ Amazon)
Storage: Western Digital Caviar Black 1TB 3.5" 7200RPM Internal Hard Drive ($89.93 @ Amazon)
Storage: Samsung 830 Series 256GB 2.5" Solid State Disk ($189.00 @ B&H)
Video Card: Gigabyte GeForce GTX 660 2GB Video Card ($227.55 @ Newegg)
Case: Corsair 500R Black ATX Mid Tower Case ($101.60 @ Mac Connection)
Power Supply: PC Power & Cooling Silencer MK III 500W 80 PLUS Bronze Certified ATX12V Power Supply ($55.71 @ NCIX US)
Optical Drive: Lite-On iHAS224-06 DVD/CD Writer ($19.99 @ SuperBiiz)
Monitor: Dell U2410 24.0" Monitor ($449.00 @ Dell)
Operating System: Microsoft Windows 7 Professional SP1 (64-bit) ($136.45 @ B&H)


This will be purely for home use - making family videos and such - but will need to include a variety of different format files from different cameras, and may get kind of long (>1 hour).

The last program I used was Premiere Elements 7, but my machine (and probably the software) couldn't handle all the HD content. I was more or less happy with it except for it crashing all the time (may have been more the fault of my computer than the software).

Here's what's important to me, more or less in order:

Can handle 64 bit Windows 7
No (or minimal) crashes
Handles as many HD formats as possible
Can burn to blu-ray and DVD
Can handle long projects
Has a decent mix of transitions and various effects to spice up my projects
Costs $100 or less, give or take
Relatively intuitive to use (doesn't have to be simple, but don't want to have to watch a tutorial for every step). Elements was fine for me in this aspect.


I'm considering the most recent versions of the following programs:

Premiere elements
Cyperlink Power Director
Corel Video Studio
Sony Movie Studio
Pinnacle
Avid
Others I haven't thought of?

Thank you in advance for your help.