Other MPEG 1/2 direct capture program (afaik) :
PowerVCR III
Ulead VideoStudio 5
I tried both in MPEG2 full screen capture, but quality is really bad compared to an offline compression with CCE, tsunami or whatever.
My CPU is not enough powerfull anyway (T-Bird 900)
Maybe you could get a much better quality with an Athlon XP...
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