Hello hurricane51,
Thank you for your post.
You can already do this in Video Splitter 7.
All you need is to define fragments for saving/deleting, then collapse all fragment you would like to be deleted, then play the video back.
To collapse interval for cutting out, please move your mouse pointer to such interval, then click on the upper icon between the start/end markers. The interval will be collapsed:
http://joxi.ru/BA0egooH1KQpYrDo the same for all intervals need to be deleted in the final video. You'll get the following view:
http://joxi.ru/zANZxWWH15W8gAThen you can press the Play button to preview what will be shown in the resulted file.