From BlenderWiki

Introduction

Proposals (not marriage related)

- Import images without resizing to blender's resolution

- Organize the available sequence strips in a similar fashion to compositor nodes, example: transitions, inputs, effects, transform.

Input:
       Audio (RAM)
       Audio (HD)
       Audio (Wav)
       Scene
       Image
       Movie
       Movio + Audio (HD)
       Color generator

Color:
       add
       Subtract
       multiply
       alpha over
       alpha under
       alpha over drop
       color generator

Transition
       Cross
       Gamma Cross
       wipe

Effects:
       Glow
       Speed control

Distort:
       Transform

Plugin...

Header Menu Reorganization:

http://wiki.blender.org/uploads/a/a8/MenuOrganization.jpg

- Create a centralized place to view and manipulate all sequence strip animation. An action editor could be used or maybe a new sequence window display type would be better? As long as it features collapsable keyable channels for all strips.

Example of timeline in AE:

http://www.creativecow.net/articles/ebberts_dan/ae6_exp/img/audio-to-keyframes.gif

http://wiki.blender.org/uploads/f/ff/Sequencer_damiles_keys.jpg

http://www.kenstone4.net/fcp_homepage/images_knoll_light/09_keyframes_ae.jpg

- Import Video with audio as separate strips (video strip, left audio, right audio) but linked somehow (in a way you can break the link if you want to)

- Show thumbnails of frames and audio graph in the strips like Cinelerra:

http://www.heroinewarrior.com/cinelerra_title4.jpg

References

You might want to see Peters page on the sequencer and email him letting him know what you are doing

http://wiki.blender.org/index.php/Requests/Sequencer

Since he is the maintainer for that area.