First off there is iMovie HD that comes with a Mac or you buy with iLife for $80 if you have an out of date system. The major limitation with iMovie was the limit of only two sound tracks. However, with intergration with Garageband (also part of iLife) that limitation isn't as bad as it used to be. Now that's just the freebe. Frankly it's powerful enough for some of the video biography work I do where I don't need to do compositing or anything fancy.
The kicker is Final Cut Express (for DV users) and Final Cut Pro (DV & Film). While FCP is not Avid, it's price point and user interface is perfect for those of us in the small/medium production side of the house and can't afford to drop $100k for an avid system. Also there is Apple Shake (which is the application I get paid the most to use). Shake is industry standard for compositing (okay some of the Discreet folks will say combustion but to each their own). When I bought shake, it was $3000. Now it is only $500 and works on Intel/PPC macs.
A year ago I upgraded my main tower to a Quad Core Powermac (2x2x2.5Ghz = 10Ghz total power) with 8GB of Ram for about $8000 with the expensive video card and fibre channel card to connect to my 1TB storage system (Apple Xserve RAID). FCP 4.5HD was $1000 for the suite coupled with Soundtrack Pro and DVD Studio Pro. DVD Studio Pro is great and even works with both my Blu-Ray and HD-DVD burners to burn HD content.
You add it up and $8000 for the Machine ($2000 for the 23" HD Cinema display I bought in 2002 and $699 for the 17" flat panel secondary display which I already had too) $1000 for FCP, $500 for Shake and $6000 for the RAID system is pretty cheap for a complete production set up. (Blu-Ray burner was $750 and the external Firewire HD-DVD burner was $1200)
I just purchased a Sony FX-1 HDV Camera for $3800 (before I was just doing editing and post production work for people) so I can do a few weddings and shoot HD video memories of people and I now have a complete HD set up for about $22,000.
On post production, I get paid between $450 - $1000 PER SHOT. Video Biographies I make about $4500 each so I earn it back. If I do any 3D animation work, that's between $650 - $15000 per job.
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