Exporting to VHS from MPEG1 without rerendering

[LoH]

Okay, I've done a search of the forum but have found nothing.

My DVD player is the evil Toshiba SD-1600 (the one that doesn't play VCDs), so any digital video I wish to bring to my TV has to be on VHS or DVD-R (which I don't have a burner for).

My question is this: Is there a way to export digital media of a single format (for sake of discussion, MPEG1) without rendering it into DV-NTSC first? Perhaps a program or a setting or a codec?

Computer Specs:
AMD Athlon XP 1800+
Asus A7V8X mainboard with IEEE1394
MSI GeForce4 MX440 64MB AGP
TDK 24x10x40 CD-RW
Pioneer DVD-117 16x DVD-ROM
768MB DDR2100 SDRAM
3 8GB IBM HDs
WinXP

Sony DVMC-DA2 IEEE1394 analog/digital converter box
Vegas Video 4.0e
Adobe Premier 6

As the specs (posted here for the lazy) show, I've got really only 10GB of hard drive space to play with, and I'd like to be able to do exports of two hours or so. In addition, I've lost the TV-out cable for my video card, so that isn't an option.

A final note: I was completely baffled as to where to put this: nobody seems to want to go to VHS these days (with the video I'm working with, the quality hit isn't noticable).

[lordsmurf]

Spend $43 on a Cyberhome from Walmart and retire the stubborn player.

Or have fun hooking up a PC to a VCR and hitting the record button while the PC plays, assuming you have video out.

[LoH]

Unfortunately, the player isn't mine.