Alright, this is crazy. I just formatted my boot drive and reinstalled Windows XP. After reinstalling Vegas 3.0c and registering, I don't see MPEG 1 or 2 as a render option. This was the case prior to AND after installing Service Pack 1, so I don't think it's related to the windows media bug fix.
Has anyone experienced this? I did install over top of my old pre-existing Program Files directory, but I've done this before without problems.
Help?
Luxo