Polemist

Swift? *barfs*

Softel? They didn't go bust. They were acquired by Miranda Technologies, which, in turn, changed its name to Grass Valley after getting bought by Belden. And it's much more expensive nowadays; some say it's about the most expensive subtitling software out there. I myself am an EZTitles guy :)

I think Subtitle Edit is reasonably decent for freelance-level projects that don't require frame-perfect accuracy. Other than that, yes, it's pretty dire.