1. An electronic system, for manipulation of time-based media by at least one user, said electronic system, comprising: at least one user computerized electronic memory device enabling a manipulation of said time-based media; user interface means for enabling at least a transmission of said time-based media from said computerized electronic memory device to means for encoding and for storing said encoded time-based media in at least an initial encoded state within an electronic system environment; metadata system means for creating, storing, and managing a plurality of layers of metadata each in a manner associated with said initial encoded state of said encoded time-based media without modifying said initial encoded state of said encoded time-based media; electronic interaction system means for interacting with said metadata system means for creating, storing and managing to enable said at least one user to modify said metadata associated with said initial encoded state of said time-based media to establish at least one stored user playback decision list preference; and said electronic interaction system means including means for enabling a display of said encoded time-based media according to said at least one stored user playback decision list preference, thereby enabling a modified display of said encoded time-based media without modifying said initial encoded state of said encoded time-based media.