Mainly i want to use it for amateur music video production. i have never edited video before but i don't want some software i can outgrow in a week either.

I was looking at this item http://www.amazon.com/Sony-Vegas-Movie-Studio-Platinum/dp/B001CPFWI2 what do you guys think?

You should just torrent one, then theyre all under 100$ :D

Email me (neonmonkeys@gmail.com) if you want a demonoid invite

Why don't you grab a copy of Adobe Creative Suite from TPB?