Hello guys, seriously you are always confusing

(sorry)
What I understand about the Toaster is that you can edit VHS quality movie and press a button from a series of buttons, each button is an effect between two scenes. Those effects where kind of cool back in 1994.
IMHO I think there are many better solutions for video editing out there today, I actually do not know, but I asume there must have been some innovation in this area in 20 years. There are actully web sites out there that lets you upload a video and edit it online.
I think they got all kind of cool effects too, and you only have to click a button.
Or am I wrong?
What is it with this VideoToaster fanboy-mentality, we never had the damn thing in europe, please enlight us

(Yes I have watched that YouTube video)