YouTube is awesome, but it's anti-social. You create a video in isolation, upload it to your personal channel, and wait for the inevitable flood of ego-shattering comments. If someone does happen to like your work, they will copy the link and share it on Facebook, Google+, or any other social network where good words are occasionally tolerated, and you may never hear their feedback. MixBit is a more social experience, one where friends can work on videos together from the comfort of their mobile devices.
One of the worst phrases a human being can put together is "automatic video editor." The whole thing feels like it's set up for failure. Like "vasectomy in a box" or "snooki's pregnant." Add in "for Android" and, well, let's just say I've been burned before. So it came as an unbelievable shock when I tried out Magisto, which claims to be both of these things, and it was good.
Whilst browsing the Apps and Games section of XDA-Developers we came across an interesting thread about a relatively new application from Samsung, for the Galaxy S. This simply-named Video Editor looks to fill the void until the delicious-looking one from Honeycomb trickles down to our phones' OS versions.
Strangely enough, the app appears to only work on 2.2+ devices, limiting it to the i9000 and Vibrant when it comes to Samsung's own devices.