Cool shit. I'll share what I use:
Dxtory to record (it is much better than Fraps, trust me).
This video helped me get great settings which I used in some MoG's and other videos I made.
Sony Vegas to edit. I haven't used many other video editors before, but I would never need to, this program does it all and at great quality. It's a little complex when getting started, but there are plenty of tutorials out there for it. (Just make sure to disable resample [motion blur], it looks like shit.)
Neither of these programs are free, but you can easily get them through torrents.