Any good substitute for Uleads Media Studio Pro?

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I really like the video editing software suite Media Studio Pro. It used to be made by Ulead, but when Corel bought them out they said they will not make any more updated versions. So it is not compatible with Vista, and probably won't be with Windows 7, either. So if I ever have to get a new computer that doesn't have Windows XP, I will have to get another video editing program. Does any one have any good suggestions for one that would be similar to MSP? I need one that is easy to use, and has advanced features like compositing and, and a paint feature. So far MSP was the only program I found that had the paint feature, where you can paint in extra things like special effects and copy it over multiple frames, etc.