I edit a lot here, for a lot of freelance jobs and for myself, I've played with Ulead's, Avid's, Sony Vegas and I decided to stick with Premiere since i started using 4.2 and on and got soo used on it's preferences... But when they debuted Premiere Pro 1.0 and the new AE, life seems to be turning into a much enjoyable experience with editing... With 2.0 and the rest of the bells and whistles that come with the production bundle, it's like thre's NOTHINg you CAN'T do.. except when it comes to getting a job...
which is about 80% of times, when someone is posting for editors (in indie paying films work), they ask for FCP and about the same rate for Avid, rarely like only, 1% or so, is for premiere pro
However, IN the corporate environment, Premiere Pro is much widely 'known', if anyone of you haven't seen it yet, check out adobe's website where you can get a list of customer's work and see what they can do with Adobe bundles. I got 2005's Adobe Customers' Reel DVD and I was thrown back with all the extremely well down editing and design work... And I was like 'wow, dude, I only know about 1% of wht the software is capable of...!"
I've also seen good software with bad editors' hand where you just hated the cuting and such, so, it's very obvious, a good editor can use ANY editing software to make the edit good (a good edit is one that you forget the cut and pacing, and you are more involved in the story). Even with movie maker, you SHOULD be able to do that... (now, this doesn't include the part where you have add cg, effects, color correction, etc) to make your good edit to become a 'grandious' visual experience.
Johnny