The device Microsoft DV Camera and VCR could not be opened. Please make sure that it is turned on and is not being used by another application or user.
I'm quite frustrated. I've used Video Wave 3 and Video Wave 5 without any problems. I thought I was upgrading???
You are upgrading. There is a problem with your system, and I'll bet it is caused by the MGI software. Uninstall all MGI apps completely and I'll bet Vegas will work fine.