Forsete said:My workflow is like this. First I capture then I use VirtualDub to re-encode the MJPEG video into XVID MPEG4 (VirtualDub is also able to do some basic stuff like cutting and merging) also cutting the framerate to 30fps. The re-encoded file can be used within Sony Vegas.
I made this short Gran Turismo 5 Prologe trailer that way.
http://www.youtube.com/watch?v=uEgfALu0iKM
VDUB was nice back then... it's time for you to upgrade to MeGUI