The problem is still there in version 1.9.2. It can be hard to see with real world video. But easy to see with cartoons and test partterns. A sample from an interlaced DVD:
vts_01_6.mpg
Compare VirtualDub and VirtualDubMod. The latter handles interlaced YV12 properly. Crop from an interlaced DVD, VirtualDub on the left, Mod on the right:

only one field (other field black):

The simple fix for VirtualDub is to use DgIndex and AviSynth to convert to YUY2 or RGB:
Code:
Mpeg2Source("filename.d2v")
ConvertToYUY2(interlaced=true)
or:
Code:
Mpeg2Source("filename.d2v")
ConvertToRGB(interlaced=true) #since VirtualDub will be working in RGB anyway
I'm using this MPEG 2 plugin: http://home.comcast.net/~fcchandler/Plugins/MPEG2/index.html which is the newest I've found.