Disappointed with Windows Movie Maker 2011 due to the removal of some features including video capture from a TV/Webcam tuner and timeline? So try without further delay the old version in XP, Windows Movie Maker 2.6 free of charge as a fully compatible Windows 7/Vista portable version.
Download Windows Movie Maker 2.6 portable
Movie Maker 2.6 portable for Windows 7/Vista (4.6) MiB, 9.666 downloads)
Movie Maker 2.6 is a portable application, ie, it does not require installation which keeps the latest version of Movie Maker in parallel. You can also use it from a USB stick for example.
To run Movie Maker, open the extracted folder and click on moviemk.exe.

Remember to configure the video properties before you start your project. To do this, click on Tools then on the tab Advanced. Check the boxes PAL and 16/9 and click on OK.

Limits of Movie Maker 2.6
The main fault of Windows Movie Maker 2.6 is the non-support of high definition. At most, your videos can be exported in 720×576 (dvd format).
In addition, which says no HD support, says no support of videos in mp4, h264...
Only available in English.
Movie Maker 2.6 is probably the best free solution for Windows in terms of video editing and sometimes even shades some paid consumer solutions.
The link is dead