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I use Corel Visual Studio and Sony Vegas Pro, you can get a trial versions, also you can use Quicktime I think. Most time-lapsers I know use Jpeg files( From RAW), quicker rendering times.
A web site that may be of interest: http://forum.timescapes.org/phpBB3/index.php
If you are using a dslr (or even a phone) try Triggertrap which will convert your camera to timelapse use. I use jpegs at the lower size - HD video is 1920 x 1080 so you will have plenty of resolution from a dslr.
www.triggertrap.com
Peter
On a similar note, if you want to use an iphone, Gorilla have a nice app that has time lapse capability.
Or ReelMoments, that I used for this ( hoping you can see it... )
Time Lapse Test
A five axes test using low resolution Jpeg and Vegas Pro, more info in the video description.
http://vimeo.com/51699187
Don't get hooked it can cost you serious money 
)
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