File support is mostly up to snuff, but you can expect the usual no-shows, namely FLAC and APE in the audio department; Targa, PCT, and EPS for photo files, and Ogg Theora video. The program understands DirectShow filters and uses them for QuickTime files if you so choose, so adding support for the aforementioned types should be easy.

I found a couple of exceedingly minor issues with LoiLoScope 2. For instance, thumbnails, which it creates dynamically (and aren't always cached), don't consistently render in a timely fashion. And to delete a timeline, you must do so through a menu rather than drag it to the trash as you can with other elements. That's it. As I said--exceedingly minor issues. You should take a look at LoiLoScope 2. Really. Do it even if you're satisfied with your current video editor. But be warned: Satisfaction with your reigning favorite may vanish in short order.

Note: The Download button takes you to the vendor's site, where you can download the latest version of the software.