Freebie: 3D Design software
Terms of use : GNU General Public License, it is free for commercial use, you can repackage and distribute under your own branding. The only requirement, you can not change Blender's copyright notices, claim as ownership program.
Blender Supported format:
CAD formats - DXF, DWG, IGES and STEP
DCC formats - OBJ, LWO, 3DS, Collada
3d content formats - Shockwave, VRML, X3D, U3D
Image format - PSD, PNG, JPG, GIF
Website: http://www.blender.org/
Software feature:
character modeling, interface, solids modeling, rigging, rendering, animation, raytrace rendering, UV unwrapping, shading, physics and particles, imaging and compositing, realtime 3D and game creation, extensible.
Screenshots:
Software Feature
Sample Gallery