Yes you can, yes it is.

The preview window is output to the firewire port.

To make your compilation vid you may have to crack the protection (use dvd decrypter) and then you can just drop the vobs onto the timeline

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Lowering the tone of video since 2004 and still not an expert on anything - unless I say so. How do I import my life into vegas? I want more CGI.
My neglected website -- www.zaskarfilms.com My censored you tube channel -- http://uk.youtube.com/user/zaskarfilms