Corel takes the standard set of video editing tools and throws in a 3D converter. 3D is all the rage now, and it really can be nice to create a 3D video from your 2D source material.
Most of the tools here you've seen before. You use the timeline to place video clips, add your transitions, filters, etc. When you're done, it has easy export to YouTube, Facebook, Flickr, etc. Most importantly, with all the HD cameras showing up out there, this offers easy export to BluRay disks.