Key features:

Deinterlace movies (half height/normal height/double frame rate/blend,adaptive/simple).
Change field dominance (for PAL films with fake interlace).
Reinterlace from one or two movies.
Standards conversion (PAL<->NTSC or custom).
Inverse telecine.
Trim, shift, simple color correction, noise reduction.
Change encoding (RGB gamma, video range/full range).
Fix jagged edges.
Pitch preserving sound track for half speed.
Change movie speed, reverse movie.
Interlaced in/out, progressive in/out.
Includes utitlty to view and edit image description extensions
Separate utility for NTSC->PAL inverse telecine.