Vegas allows everything. It's a full video studio software, and it's about $100, perhaps it costs less via digital download. It can render video in over 10 formats, and can render a sound file into an MP3. Very useful, haven't found a thing that cannot be done (titleing, effects, cut/stretch/shrink, creating sub-tracks, multiple layers, snipping, live recording, mixing, etc.) And as far as the FRAPS goes, I think you're misunderstanding the Record External Input part - that means "capture the sounds coming through your microphone", not record sound or TS3... Think of it like this - FRAPS is gonna record video and audio put out by your computer. This means all audio transmissions from TS3 and the audio from your game - indistinguishable from each other. If you allow it to know your PTT button, it will record you as well, choose either your TS3 PTT or your in game VOIP button, one or the other. I use my TS3 PTT button. Because it is overbearing of other sounds, if it is recording your mic the ENTIRE time, coughs and all, it may drown out other sounds - that's why we use that setting.