User blog comment:BladeFrenzy/Help with video quality plz?/@comment-1906486-20110213111152

Editing is pretty much, you can go from basic (Movie Maker) to pretty high end programs. As for recording, there's Fraps for screen capturing. I prefer the in-game recorder, as it doesn't lag nearly as much. Just pick the YouTube HD (if you can handle lag), or MPEG4 HQ (it takes a lot of space up fast) to record.

I mainly prefer MPEG4 HQ, but the drive space will be eaten up by megs per second. Especially moving really fast, and running through a lot of areas. Places with say mines and such, it will draw all that without lag no problem. Just it in return will record pretty much raw video.

I'm sure many other people here, can offer decent editing software. I don't edit much, since I usually record straight through. Then I upload a huge file (unlimited bandwidth has it's perks..), and go afk until it's finished. xD