Windows Movie Maker is a free video creating and editing software developed by Microsoft which has been made available for Windows XP, Vista and earlier. The project has then later been discontinued and replaced by Windows Live Movie Maker which is offered as part of the Windows Live applications suite for the Windows 7 operating system and also available for Windows Vista but not for Windows XP or earlier Microsoft operating systems.
Windows Live Movie Maker in its current form is a stripped down version of Windows Movie Maker. It lacks features like overlaying text on video or timeline and audio edits.
Windows 7 and Windows Vista users do however have an option to download Windows Movie Maker. Microsoft has made available Windows Movie Maker 2.6 for Vista users. And this Movie Maker version is also compatible with Windows 7.

Windows Movie Maker 2.6 can be downloaded from the Microsoft servers. Windows 7 and Vista users who want to give the new Windows Live Movie Maker a chance can download it as part of the Windows Live suite from the Windows Live homepage.
It should be theoretically possible to download and install both movie maker versions to directly compare them on the computer system.
Have you been working with Windows Movie Maker or Windows Live Movie Maker? If so, which do you prefer and why?
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It seems cool. Maybe I woud try.
Download
Windows Movie Maker 3D for Windows XP.
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Let us fight against evil Microsoft. :-)
“It lacks features like overlaying text on video or timeline and audio edits.”
That’s actually not accurate. There are a bunch of text related features (look for “Add caption”) and you can trim/split/fade audio as well.
It seems cool. Maybe I woud try.
Windowa Movie Maker is the best!