The new Windows Live pack includes "Windows Live Movie Maker" which provides the new ribbon interface but many advanced users are not happy with this new version. Lots of essential features like timelines, adding text on videos, audio edits, etc have been removed from this new version to make the application simple and easy to use.
But IMO these removed features were the most important and essential features in Movie Maker and now the stripped beta version is a bit useless for lots of people.
If you also feel the same and want to get the good old Movie Maker with all the required features, then here is a good news for you. Microsoft has released Movie Maker 2.6 for Windows Vista which also works in Windows 7.

So download it from following link and install in your Windows if you miss the old Movie Maker:
Also check:
Ultimate Collection of Best Free Video Editors and Alternatives to Windows Movie Maker
Posted by: Vishal Gupta | Categories: Windows 7, Windows Vista
Dustin
VG, Movie Maker 2.6 and Windows Live Movie Maker are lacking a critical function that many people have found useful: The ability to capture directly from a video device. There is a portable version of Movie Maker 2.1 available, however the author's web page is down. Can you upload it to your website? You can download the portable Movie Maker 2.1 on download.com or maybe I can send it to you somehow if you're interested. I've recently been converting VHS tapes to DVDs using my computer and Windows Movie Maker 2.1 is a better video capturing tool than the software that came with my USB adapter.
VG
^^ Once I posted about that portable version but many people faced virus problem. My antivirus also detected virus in that file so I removed it.
Dustin
I read a post from the author someplace that the compression software he used cause that problem. I'd send you the link but I don't know where I read it. It's fixed now. It didn't give me any issues when I downloaded it. I'm using Avast and it was clean.
VG
^^ Sure. Please send me the link.
Dustin
download.cnet.com/Portable-Movie-Maker/3000-13631_4-10913520.html
It's a simple zip file, I scanned it and and it's clean according to Avast 7.0.1496.
VG
^^ Yeah. I checked it. Actually after receiving many virus complaints, I removed the topic. Some antivirus still detect suspicious items. I know its clean and great work but unfortunately I cant put it back. :)
Miss.Andrea Borman.
I would not install Portable Movie Maker. Windows Defender also found the program file contained malware. I have actually installed Movie Maker 2.1 from Windows XP onto Windows Vista and Windows 7.I did this by copying the program files from Windows XP onto Windows Vista and 7. Movie Maker 2.1 works on Windows Vista and Windows 7 as long as you have Movie Maker 2.6 installed. Andrea Borman.
sai GV
Thanks.. alot..This is Very useful tip to me........
mbp2012
Just thought I'd let you know that I downloaded this program for windows 7 hoping to get rid of the "Live" version...and it did NOT work. All I got was a shortcut that does not work, because it is a lnk file. When I click on it, it does the whole thing where it tells me to look online for something to open it...and I think we all know where that leads...nowhere! So, thanks for getting my hopes up. I loved this version of movie maker, its too bad they dont really have a version of it for Windows 7.
But yea, it just shows a link to it(blank white paper icon) that doesn't do anything. Let me know if im an idiot, or if they actually come out with a version for Windows 7...it would be greatly appreciated. Thanks!
krishnamoorthy
How can produce my own logo and put it my videos
Sherrie
Ug, this is the worst. I was using the older version and about 8 hours into a project I wanted to use a feature the old one didn't have. So I upgraded.
Not only did the new version render all of my 8 hours of work unusable (won't even open it) but it won't even create a new project without crashing. an hour and a half later (restore point didn't work), I'm trying to find the original version I saved over in hopes that instead of wasting 10 hours of my time, it only wastes 2 hours. Unbelievable crap.
Iggy Hazard
I hate this 2012 version of Windows Movie Maker! It's completely incompetently designed! Over the past four years, I've barely gone a day without making a YouTube video and the older versions of WMM were able to allow me to do that just fine. Now it's been over a month and a half since I've been able to make a video. Sure, I could make an unedited video in the new version of WMM, but it would be pointless since advanced editing is half the fun (the other half being coming up with and recording the material itself). If I made a living making YT videos, this would have interfered with my ability to do that. Since I have a regular job, that's not an issue, but what if I might some day want to make YT vids for a living? I'd have to buy a whole new editing program, most likely Sony Vegas (and even the cheapest version of that is too expensive to justify since I have two editing programs* already).
The main problems are the following:
1: Can't cut or splice video clips.
Note: This alone renders a video "editing" program useless.
2: Can't cut or splice audio clips.
Note: This means it's impossible to ensure that the audio is the same length (or intended length) as the video. Also, I'm not seeing any fade-out options.
3: No split-second precision editing options due to lack of zoom.
Note: If there's a zoom tool, I'm not seeing it. In older versions, it was always in the same place on the "film ribbon," allowing the user to zoom in and out as needed. This was a necessary function to allow split-second editing.
4: Redesigned format is incomprehensible.
Note: Users who've been accustomed to the film ribbon format for years find the new format completely alien. It simply isn't user-friendly.
*I also have Adobe Premiere Pro which is even more worthless and just as incomprehensible. At least I can import video into WMM. Can't actually "edit" anything but at least I can import stuff. Premiere Pro doesn't even let me import video files of any kind (FRAPS or otherwise), thus rendering it less than useless.
Please make things work the way they did before. Either that or make them better instead of worse. Give users more options instead of less. "User-friendly" means letting the user do what they want. It does NOT mean restricting the user's ability to do things their own way. That is NOT what "streamlining" means. To make a program more "user-friendly," more "streamlined," means making it easier and/or quicker for a user to do what they want. Please give us that ability again.
lynsey
thank you so much!!!! i hate the newer version and to have the old one back on my laptop is a godsend :)
Minaz
Fantastic thank you. Installed it on win 7 x64 works great. the 2.6 ver is much better than the newer one. Thank you
Cheers
Minaz
Thank you!
It also works with windows 8 !