Not quite, that'll just give you two merged images.
You need a way for your left eye to see only track 1 and your right eye to see only track 2. The only way I know of to do this in Vegas is with a free plugin, see this thread:

http://www.sonycreativesoftware.com/forums/ShowMessage.asp?MessageID=699154.

That plugin will let you convert the two tracks to a red/cyan anaglyph that you can then view with the el cheapo red/green glasses.

Sounds like you can play the footage which is excellent news. I just finished downloading it but my Vegas machine is doing a long render so no chance to try it until tomorrow.

Edit: At the risk of crashing the render I tried opening another instance of Vegas and loaded the two files onto the T/L but onlu got solid red frame. Darn must not have the right codec for MJPEG. I'll try again tomorrow.

Bob.

I tried and all I get is the dreaded red frame as well. What codec are we missing here?

EDIT: Just tried on Windows Media player and both files open fine so my machine has the correct codec (which ever one that is), but vegas doesn't seem to want to cooperate with either the left OR right eye.

The problem is that Vegas cannot read MJPEG. There's a recent thread about this issue, it can render it but not read it!
The only available codec I can find are DirectShow, not VFW.
I could use PPro to render the footage to something Vegas will read so I'm OK.

I got a quite prompt reply from 3D-one. Prices range from 30,000 to 45,000 Euro. The cameras shown on the website are the previous generation. New models due for release end of March.

Biggest issue I (and others) see with these cameras and all pig nose cameras is the fixed inter occular distance. Going down the path 3D-One and others have done does yields a simpler to use more portable camera but what you can do with it is restricted. For around the same money two EX3s or SI-2K cameras on a mirror rig is more flexible.

Bob.

I've done much the same. I just ran the files through Adobe Media Encoder and output a couple of simple uncompressed avi which I now have on the Vegas time line. I have the plugin you mentioned soooo... how do we apply this and what should the output be?

WOW!
It actually works! You can see the 3D right on the Vegas preview. Mind you with the uncompressed the framerate is crap but if you set the tracks up one over top of the other, apply the green filter to one, red filter to the other, and slam on the cheapo glasses, you can actually see the 3D effect right off the preview.

The question though remains... how the heck do I render this out?

Instructions are in the Bororo plugin but anyways:

Left eye on track one
Right eye on track two
Click composite mode icon in track 1 header.
Select Custom.
Select Bororo 3D Composite.

It opens. Select Custom Anaglyph.
Select Prime Anaglyph Preset.

Put on glasses and enjoy boring static cars in car park in 3D. Only the tree is blowing in the breeze, hardly compelling 3D but I guess it is 3D and I am watching it using Vegas, yeah OK, I'm being harsh, on my 24" monitor it is impressive.

So now the whole Vegas GUI needs to be 3D :)

Bob..

You might try that free MJPEG codec that John Cline always reccomends.
JJK

"The question though remains... how the heck do I render this out?"

If you simply want burnt in anaglyph, just render it out as per normal.
You could upload it to YouTube and anyone with glasses will see what you see. Pretty much poor 3D compared to the modern stuff as the colors are ruined but anyone can view it with 50 cent glasses on any monitor.

Bob.

Yeah, I just rendered it out as normal M2T (HDV) and it plays back fine in WMP. Of course the filters in combo with the cheapo glasses absolutely destroys the original color representations but then that's true of the commercial BD 3D videos as well.

One wonders though if you actually have to go to the expense of a 3D cam for this. As I said I know NOTHING about the 3D world (other than watching 3D BD's), but it seems to me that if you grab a couple of similar cams and set them up side by side you've just created a 3D system of sorts.

EDIT:
And yes, they sure could have come up with a slightly more exciting sample!

If you want to learn the principles of 3D then download this book for free:

http://3d.curtin.edu.au/library/foundation.cfm

Decades old but it still remains the goto text, our eyes haven't changed since the book was first published.

The problem with simple side by side cameras are:

You need to sync the shutters. Maybe if you were to use high frame rates (60p) this would be less of an issue, don't really know.

The other problem is you cannot get the distance between the lenses small enough. Even though our eyes are a fixed distance, for creating the illusion of 3D you generally need to use something other than the same distance apart for the cameras than our eyes are. You also need to control toe in. All of this lets you control how deep the image appears and where the image appears in front of the viewer.

Bob.