I know there were several discussions on this topic in the past, I am wondering whether this new version of Vegas is able to do this - reading the date and time code off the tape and displaying it on screen.
Timecode, yes. Date, no. I'm unaware of anything that displays date, but there is probably a tool out there somewhere that does. Were it me and I needed dates, I'd insert a title track through out the length of the events.
This one has been asked for many times, and I was disappointed to not see it in Vegas 5. My feeling is that any data that is anywhere in the video should be available via an fX function, so you can display it anywhere you wish. There was a long discussion about this several times last year, much of it having to do with displaying both date and time for video legal depositions. Much of the thread devolved into a disucssion about whether the date and time would be legally admissable. Unfortunately, the real point -- namely that people like you (and me) want to display this information -- was lost and the feature never implemented.
Some DV decks also support the VBI line 21 closed captioning text. This should also be available via Vegas fX, either for display on the screen, or for decoding into a subtitle text that can be sent to DVD Architect.
Sony, if you are listening, see this document for more information on closed captioning:
A product called DV Time Stamp may be what you're looking for.
Cheap too. $10 or $15 with email support.
More info and a trial version at http://www.geocities.com/dts8888/
Vegas isn't capable of doing this, but Virtual Dub can by using the subtitler plugin written by VirtualDub's author, Avery Lee, and a freeware app called DVDATECODE.
What happens is that you run DVDATECODE on your AVI file and it generates a "Sub Station Alpha" subtitle file (.SSA) and then you load your DV file into VirtualDub and add the Subtitler plugin and point it to the .SSA script that DVDATECODE generated and then render. Yes, it requires rendering.
Another possibility is that Avery's Subtitler plugin will run in Vegas using Satish's WAX plugin. I haven't tried it, but I see no reason this wouldn't work.
thank you all for your replies. I tried rs170a's suggestion and downloaded the trial version. The software works pretty much as it says. Although the trial version puts a TRIAL stamp on your clips and once it's on the clip I can't seem to remove it. So if you are not sure if this is what you want or about the final format, I suggest you have a duplicate of your clip. But, like Johnmeyer says, this piece of software should have been part of vegas. The program is only 110K in size.