The adobe program I use now is Premier Pro 2.0. Unfortunately, it's cost prohibitive since it's around $850. There are discounts for academic affiliation, etc. It's the program of choice for professionals, but imo videostudio should be perfect for what you are looking to do, preach.
to be honest, there is a bit of a learning curve with the adobe program, in that if you're new to video editing it may be a struggle at first. The ulead program is very user friendly, and employs an "assembly line" process that steps you through the video editing process. It's the program I learned how to "professionally" edit digital video, which is why I recommend it. Either way you go, you can get professional quality video and can also produce DVDs with some limited menu features as well.
gl and hf with your video editing!