As you already said, raw quality is the limiting factor, and if one encodes an animax or at-x raw with asp or avc doesn't matter because the outcome will look like shit regardless.
Also, there is no editing application comparable to vdub for avc (and the new formats like mp4&mkv in general), something at least I miss. Yeah, I know, dshowshource, but keyframe info is lost and in general it's way more hassle than just throwing files at vdub.
CU,
lamer_de
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