thnx to
Ajax technology it's possible now...
check out
http://www.eyespot.com/
you can upload vids up to 25 MB and edit them just like you would with any other video editing software (video editing has historically required expensive desktop software, a powerful PC and lots of time tho...)
best thing is that this one works fast (not 15 mins or even hours of waiting for a mixdown... it's done in a matter of secs!!!)
you can also MMS clips from your phone to your account etc. etc....
also you can send your new clip to a videolog, cellphone, emailadress, whatever...
it's not as complete as Adobe Premiere or any other pro video editing software, but for simple editing I think it's really neat..
Chief108