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Originally Posted by react
What options are there for basic editing of H.264 in Windows, marking of in/out points and cutting sub-clips, without an additional transcoding step?
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Most NLEs (Non-Linear Editing systems, ex: Premiere, Final Cut Pro, Vegas, blah blah blah) will accept the format if you have the correct codecs for the format. Some of the programs will even allow you to create custom settings (frame size, frame rate, field order, etc) for new video formats (you'll have to read manuals or google-it to find out which ones).
For H264, I would have to recommend Avid.
As for cutting sub clips... well, you can create sub clips in a given project (cut your clip up into smaller clips), but if you want those sub clips to become ACTUAL clips on your Hardrive (i.e : Cut up clip A into smaller clips labeled : clip B and clip C) you WILL need to render them.