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Audio

Audacity - Free audio editor

SoundForge - Sony's audio editing solution

SoundBooth - Adobe's mid-level audio editing tool (comes with e-Learning Suite)

Video

Animoto - Create video from images

Graphical / Photo Editing

Photoshop - gold standard image editing, especially for photo enhancement.

Freehand - bitmapped and vector graphics; produces hybrid PNGs as native format.

Gimp - free, quality grapihics editor; requires some paradigm shifting, but it's free and powerful.

Collaboration

SharePoint - Microsoft's corporate collaboration platform.

Google Wave - real-time web-based collaboration and sharing.

PowerPoint to Flash Conversion Tools

Robin Good's List - lots of options here.

Screen Casting

Jing - TechSmith's freeonline screencasting engine.

Captivate - Adobe's screen recording platform for rapid e-learning development

Camtasia Studio - Techsmith's screen recording platform.

Screenr - Articulate's web-based screen recording solution. (5 minute clips)

Visual Design

Serena Prototype Composer - an application planning, modeling and prototyping environment for non-technical users to visually define application needs, including business processes, activities, user interfaces, requirements, and data.