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To get the proper codecs supporting FOURCC of MP4V you can install ffdshow codec pack http://www.videohelp.com/software/ffdshow/old-versions some of the older versions are nicer. the one i use the most is rev3631 because its the last one that contained the MPEG1 and MPEG2 encoders/decoders with it.


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Go with After Effects, it's a tool that will most likely stick around. If necessary you can also take advantage of the more advanced tracking an compositing features. If you end up editing in Premiere (which pretty much is the best option if you don't want to dive into Avid) the integration between AE and Pr is crazy useful. I find myself even making titles ...



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