MPEG Streamclip is a powerful high-quality video converter, player, editor for MPEG, QuickTime, transport streams, iPod. And now it is a DivX editor and encoding machine, and even a movie downloader.

You can use MPEG Streamclip to: open and play most movie formats including MPEG files or transport streams; edit them with Cut, Copy, Paste, and Trim; set In/Out points and convert them into muxed or demuxed files, or export them to QuickTime, AVI, DV and MPEG-4 files with more than professional quality, so you can easily import them in a DVD authoring tool, and use them with many other applications or devices.
Supported input formats: MPEG, VOB, PS, M2P, MOD,VRO, DAT, MOV, DV, AVI, MP4, TS, M2T, MMV, REC, VID, AUD, AVR, VDR, PVR, TP0, M2V, M1V, MPV, AIFF, M1A, MP2, MPA, AC3, …

Download from: http://www.squared5.com/svideo/mpeg-streamclip-win.html