Hi, I hope this is the right section for this >_< Ok, here's my issue

I've never once recorded any type of video on anything outside of a VCR. Now I find myself in the fun situation of getting a pretty nice computer (i7 Quad Core, 6gb ram, 2TB memory, Radeon 5870, HD monitor with 1920 x 1080....not sure if any other info might help). Anyways, the point is I'm getting the computer so I can play some of the better MMOs out there in good quality, and I'm very much interested in making my own videos. And by videos I don't just mean one 10 minute clip of me running around killing mobs. I want to take multiple small clips and put them to music with sweet transitions and things like that.

Problem: I barely know what I'm talking about, let alone doing.

From what I gather, I'm going to need these three things to get this up and running properly. I could be and kind of hope I'm wrong on this, but from what I can gather this is what I'll need:

FRAPs to record
Adobe Elements 8 to Edit
Quicktime Pro to compress

Please, any tips, tricks, or simply links to similar posts are very much appreciated. Do I need all three of those programs to accomplish this, or are they overlapping? Any help is good help >_<

I think it takes too long to explain the whole process , my suggestion is "YouTube"
it shows you everything in details and you can go back and fourth !!
Just type your question there ..for example :

How to make a music video
or some !!

Thanks for the response, I was actually just about to go do that >_<

My suggestion is to start off with Sony Vegas, its a video editing program that is very very easy to use I am using the version 9.0.

type something like "how to create a music video with sony vegas" in youtube

there are many different programs for video editing
i use
sony vegas 9.0
adobe after effect
adobe premiere pro

I suggest Sony Vegas , its very powerful and user friendly ..I have made over 20 music videos with it so far !!

once you learn that , then you can work with more powerful editing programs such as Adobe After Effect , Premiere and much more !!

What about a video camera ?

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Every thing said by me should be taken with a pinch of salt. Unless you have high blood pressure, then I would recommend a salt substitute.

i get the impression he will be using game footage !?!?

I guessed that but I thought if I plant the seed it might just grow.

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Every thing said by me should be taken with a pinch of salt. Unless you have high blood pressure, then I would recommend a salt substitute.

For the time being I'm trying to keep my costs as low as possible, so I'll probably end up using the full version of FRAPS for recording ($37) and then just use a free video editor like Windows Movie Maker. After I get used to making videos and get some more money I'll upgrade to a good movie editor such as Vegas

Sensible start.

__________________
Every thing said by me should be taken with a pinch of salt. Unless you have high blood pressure, then I would recommend a salt substitute.