Screenshot of frame editor
1. HISTORY: Back in 1994, Europress made a program called Klik and Play. It retailed for about $50, and was distributed in America by Maxis. Later, They made Click and Create, distributed by Corel. This was a major update from KNP, and allowed you to sell your games commercially. However, its cost was $695. For CnC's power at a lower cost, The Games Factory was released for only $80. It was a slightly "weakened" version of CnC. Just this year, MultiMedia Fusion, known as CnC2, was released for $80, and is distributed by IMSI (www.imsisoft.com), along with CnC.
2. LIMITATIONS: With CnC, you can do RPGs, action games, platformers, and many more. It comes with tons of animations, sounds, and music. One limitation is the lack of 3-D support. This was supposedly fixed in MMF, but I don't really know. Also, there are a few bugs that can become annoying, but not too damaging. Overall, however, I think it is a great package for making great games.
3. PRICE: The large price tag is a built-in liscence to sell your projects. You don't have to pay royalties, but there are a few things you must do to register. The main thing is to put the logo for SnS somewhere on the packaging and in the credits/splash screens. However, if you want to sell games without paying so much, you can get the bug-ridden (so I've heard) MultiMedia Fusion. It's only $80, and is called the sequel to CnC.