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Originally Posted by Caspar
Yeah I use this, forgot which version. It came with my Canon Camcorder, but the only problem with it is that you don't have enough control of the media clip...as in you can't breakapart a 10 second clip into many chunks, for example...
if you can then you've just made my day! 
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You can, if you use the timeline view.
Stretch the timeline, point where you want to cut it and click the 'split' icon above the timeline.
HTH