Blackmagic's Da Vinci Resolve is now at Version 10. The new tools include full editing features like multi-track/channels in the timeline. Titling and multi-elements including video streams have also been added to 10.
The color correction features now includes new OpenFX plug-ins as well as unlimited windows in a node, recursive noise reduction and lots of other new features. Best of all, this update is FREE for all Resolve customers and will be available by Q3 2013. The free version, Resolve Lite, will also have some of the features integrated.