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Avid has a rather complete set of FX and transitions, including an image stabilization effect. It has a rather limited set of presets, altho' it has an extensive capability to save your own custom presets. In this regard, it's a professional app that "makes" the user develop their own FX presets. There are sufficient default values on the FX and transitions to get you going with first time use. The title tool is basic, but, keyframeable, as well. I can't say that I have much experience with this side of Avid, so I may be missing something big.
There are a limited number of aftermarket FX vendors for Avid. The biggest one being Boris. I already own Boris Red, so it is a great addition to the Avid app.
I might suggest you buy yourself a copy of "Avid Editing" by Sam Kauffmann. It's a good reference that complements the extensive manual you get with MC, and it's a little more understandeable.
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~~~~~~~~~~~~~~~~~~~CHALCHIHUITL (fix it in post) PRODUCTIONS~~~~~~~~~~~
XDCAM EX--JVC HD110-----PC Based Avid Media Composer/Edius Broadcast/Vegas Pro--CINEFORM
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