Has anyone gotten smart render of mpeg-2 files in Vegas Studio 9 to actually work? I followed the guide in the help file, and matched my project settings to my mpeg-2 files, but no smart render goodness. Pretty much makes the software unusable due to recompression of the video stream.
I don't have any problems in Corel 12... smart render there works absolutely wonderfully with these mpeg-2 files (off a JVC cam)
EDIT: OK. I just figured out that Vegas Studio 9 is rendering the files lower field first, where my source is upper field first. This is causing the the clip to be rendered. Unfortunately, one can not adjust this option in Vegas Studio 9... the "custom" option is greyed out under "render as..." so you can not adjust the MPEG-2 codec... and it ignores your project settings... you need the full Vegas Video for this... and Vegas Video in it's current version ( does not support smart render for mpeg-2 files... and is several hundred dollars more.
What a joke... looks like I'll be sticking with Corel... their product actually works.