I have stumbled upon Camstasia Studio 8. It is a screen recording app with a basic video editing function built in. I plan to record my games for YouTube uploads. I am wondering how is it? Does this satisfy your recording needs? What aspects are they lacking? I also have Fraps installed, but Camstasia's video editing function is luring me in.
I know there is a problem with Camtasia Studio in capturing games playing in full-screen mode as they take control of the desktop. I believe there is an option (capture layered windows) to overcome this but I have not tried that (truth to be told, I do not play games on my PC). So that might be something you might have to consider before buying. You could try the demo version before you buy it (it is very expensive).