Kevin: A good, short list of free tools including image, audio and video editing software, and read the comments. People are offering up other alternatives.
Kevin: Brian Solis writes: "Forrester recognizes that the past five years of Social Media evolution have focused on growth and adoption, but anticipates that the next stage of advancement is dedicated to improving social functionality. I would also add personalization and portability. The biggest opportunity for the expansion of social networks is to build bridges between these isolated islands to deliver a more fulfilling, meaningful and productive experience."