New version of fccHandler's compile of VirtualDub - is always an event for me! VirtualDub by Avery Lee is the best swiss-army knife video utility I have and being open source gets re-built by others. This version supports MPEG2 files and is just the thing for taking the high-bitrate output of my capture cards (4Meg long-GOP) and transcoding it into DivX whilst fixing some VHS artefacts on the way (including droping the audio into CoolEdit to fix the hiss). Also see flaXen's VHS filter as this is excellent.