VirtualDub (64-bit)
Full user review
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"Just what I needed"
Pros
Detailed, professional level software. You can tell right off the bat that a lot of effort went into creating this software, and that the author intended it to be an effective tool for a wide variety of tasks.
Cons
OpenGL Hardware acceleration was turned on by default, which resulted in me not being able to capture video at first. Verbage in the source capture menu seems to imply that if you have a good enough video card (I have Nvidia Geforce 550 Ti) that you can benefit from this feature. Not sure if I was doing something wrong, but I could not capture video with it selected on. My apologies if there is some error on my end that is causing the problem (which is possible as I am not an expert with this stuff).
Summary
After being so frustrated by using so many programs that didn't quite cut the mustard and do the job effectively enough, I'm really glad I found this. Hope I can at least repay the author with a case of beer or two someday down the road.
If you are trying to convert and manipulate video, and are involved with using opensource products, this is a great tool in your arsenal. Thankyou. It is much appreciated.