Kino is indeed a superb capturing tool. I would not say that it is the most useful and effective video editing packages. It doesn't come close from Cinelerra capabilities in this area.
Since Cinelerra has no problem editing raw dv, dvgrab fits my needs perfectly. I also don't recommend rendering MPEG before the editing process is over, to avoid lost of quality in the final product. I think that the Cinelerra CV team are planning to integrate the script to simplify this task.
Finally, Slackware 11 is NOT an obscure and aged distribution.
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