I already have fraps to take the videos, but I really don't know what to look for to edit them and put cool text and effects and shit in. What's out there that's easy to use that I could look to purchase in a totally legal manner that certainly would not involve emule?
I used it to compile those WoW videos I posted here however long ago it was. Simple, limited, but it works.
You could also use Movie Maker (which you should have on your comp already) but it's pretty poor quality. On the bright side it's easy as hell to use. 
quote:
Addy had this to say about Reading Rainbow:
You could also use Movie Maker
I totally won. (Hay there Addy)
Well wot do u kno about dat!
