Maybe it does... and for free???
There is a free program that does the same thing...
It is called Snippage, it works on XP or Vista just download it for free from the link below...
http://snippage.gabocorp.com/
You will need Adobe AIR (Adobe Integrated Runtime) as well though... http://get.adobe.com/air/ (http://airdownload.adobe.com/a ... est/AdobeAIRInstaller.exe)
Take that Apple lovers! (no offense, just kidding around )