Tried using it with my Pixelview TV Pro card (WDM drivers) and capturing with Virtual VCR using the free Panasonic DVD codec-720x576 resolution-25 fps
Capture loads in virtual dub; video size is approx 180 MB/minute and quality appears to be at least as good as that with the PICVideo MJPEG codec.

Would appreciate more people trying it out and posting their experiences.
Thanx