There are already a number of free video editors, but they have never even nearly reached the popularity of a commercial product from Apple, Adobe, Avid or Blackmagic.
Nevertheless "Olive" is another Open Source representative who wants to be a real alternative to Adobe Premiere Pro, Apple Final Cut Pro and Sony Vegas Pro for professional users in the medium term. With a view to the development of other open source editors in the last twenty years, at least some healthy skepticism is appropriate. Especially in a professional environment, the desire to change an NLEs without very good arguments is difficult to awaken. Often it is not so much about a big feature set, but rather about a proven and learned (often keyboard based) workflow with solid basic functions and stable reliability.
Olive can already score with the key combinations: You can configure your own key combinations for virtually all editing tools and common operations.
It has area and title generators for intro/outro sequences. Tools such as razors, ripples, slides and slip are available for cutting. Snapping should also work excellently. Many effects are hardware-accelerated (via OpenGL/GLSL), can be animated via keyframes and an accelerated hardware preview should also be available via the graphics card. The timeline supports various fade modes (Normal, Overlay, Screen, Multiply) as well as alpha channels.
Olive is available for download as alpha version for Windows, Mac and PC. It is planned to make these binaries available once a month. If you want to start the compiler yourself or follow the development "live", you can find the source files at Github. Here there was even some activity between the holidays. In any case, we keep our fingers crossed that this project will continue to develop splendidly in the next months and years...