Well, here it is. The name is Blaze Media Pro. It is a powerful all-in-one multimedia application that can do so so much!
For Audio conversion, file supported are MP3 to WAV, WMA, OGG and vice versa. Also supported are CD/MIDI/DVD Audio conversion to WAV, WMA, OGG and MP3.
Moreover, video editing is available for AVI (uncompressed and compressed using any available codec), MPEG-1, MPEG-2, WMV, and ASF. Comprehensive video editing options are also provided (delete frame, delete selection, crop, resize, rotate, mirror, flip, trim, text overlay, adjust audio volume, etc.) plus an extensive list of over 30 effects and color adjustment operations to allow for powerful video enhancement and alteration.
Why not test the trial version now?