GarageSpin

The company HighAndes in Dublin just launched their new audio, video, and photo loop creation and mixing tool, TrakAxPC.  It sort of reminds me of online music mixing/mashup applications JamGlue and SpliceMusic, but with photo and video mixing included, without the focus on community-based experience, and with downloadable software instead of online accessible software. 

TrakAx hopes to sell cheap loop bundles of 10 loops fo $2 a pop, which is probably why they haven't integrated some kind of Creative Commons media interfaced, or a community-based media upload option.  However, that doesn't mean you can upload Creative Commons media on your own, of course. 

Basic features include loop drag'n'dropping, beat matching, video and photo integration, video and audio effects, and microphone and webcam input.  Not bad at all for a free application. You can give it a test spin here.