I downloaded a bunch of programs today using the colleges band width..they havve some weird internet that goes at 200kb/s.. me likey! vs my 46b/s (yes, I did say b not Kb

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I got VLC and sure enough it played like a charm... iSquint did convert it over and it did play successfully...I am unable to try Hand break or mactheripper until I get home tonight.
So MTR makes raw files and HB converts it to Mpeg-4s? Say I want to edit it in iMovie, which would be the better program to use?