Yes, but older version, even after confirm that, don't let render to start, because file is in use (by vegas of course). To be fair, error thrown by vegas says, that error isn't know :)
I've tested it on other fileformat, and surprise. Bug works for 'sony xavc-s' but not for 'magix avc/aac mp4'.
I'm confused. You asked the program to overwrite the existing file and it did. I've been using Vegas 13 since the day it went on sale and it has always done exactly what you asked of it: overwritten the file in question.
This is consistent with the behavior of every Windows based program I think I've ever used.