"VirtualDub is a video capture/processing utility for 32-bit Windows platforms (95/98/ME/NT4/2000/XP), licensed under the GNU General Public License (GPL).  It lacks the editing power of a general-purpose editor such as Adobe Premiere, but is streamlined for fast linear operations over video.  It has batch-processing capabilities for processing large numbers of files and can be extended with third-party video filters.  VirtualDub is mainly geared toward processing AVI files, although it can read (not write) MPEG-1 and also handle sets of BMP images." (quote from VirtualDub home page)

One of my favourite tidbits about VirtualDub is the fact that it has the capability to sometimes fix corrupt input avi files when those files are being opened.

Because we at t@b don't use windows for capturing video we can't give you any feedback. If the capture portion of the program is as impressive as the processing/encoding side, then i'd recommend this program even more urgently. It is very nice for re-encoding avi files and simple processing.

Download this program from the Source Forge pages of VirtualDub.