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Well there is virtualdub more for avi, but it can't create mpegs.
VirtualVCR, a program I used years ago, functional but only supports WDM capture?
And there is also MediaPortal, more of TV server/client for networks. But you can do a standalone install and capure from analogue sources...probably overkill though.
Thank you for your replies. It appears that what I'm looking for is not quite on the market. So I'll have to stick to old WinDVD, which is not a bad after all these years.
AMCap is a small yet fully functional video capture application. It is a program much like Microsoft VidCap but which adds support for DirectShow. It is based on the sample AMCap source code from the Microsoft DirectX 9 SDK.
-DV camcorder playback and recording
-improved MPEG-2 playback and recording
-improved analog TV tuner support
-still capture in BMP, JPEG and PNG formats
-optional real-time compression (Windows Media or any installed CODECs)
-remember video input, standard, size and many other options from previous session
-full screen mode
-support for multi-monitor and deinterlacing (using VMR9)
-caption bar and menu on/off
-always on top feature
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