I record xbox gameplay and px gameplay with different applications. On pc I use fraps and I have an hd pvr for xbox gameplay, the only problem is that they both output massive files that vegas refuses to work with unless I convert it to another format. Is there any software that can easily compress them (preferably loss less) and doesnt take hours on end? Currently I have a i5 650 (I know, pathetic for video editing) and don't want to drop the money on new parts right now.