Hi
You are correct. The Fraps FPS1 avi format seem to crash VP.Just trying to drag them from the media list is enough to cause things to come to a dead stop. If you want to edit them in VP, you can convert them to MPEG2 format easily enough and then they will load into VP OK. Definition in the saved project seems OK.
Converting these to MPEG2 format (about 800 mb) takes around 160 seconds on my PC. I am using "Any Video Converter" from
http://www.any-video-converter.com/products/for_video_free/
and you can convert multiple files at a time with this free software.
Incidentaly the Fraps avi play fine in Windows Media player.
If it was my choice however, I would probably use Windows Movie Maker to edit these files as they load there and play OK.
Nat