On my main edit system, I can take an m2t and render it to an HDV intermediate with no problem. Same as always, but on my second system, I just tried doing the render and I get a Cineform notice that I don't have the proper license for HD. I have Vegas 7 installed on my main system but not on my 2nd system. Does Vegas 8 not come with a cineform license anymore? On my main system, I get the cineform 3.3 codec, but on my second system I get a newer codec, (the once that came with Neo Player, I suppose, but that's only for decoding.)