Thanks for looking into it.
I'm a little confused as to why, after 4 months, the processor can no longer read the video in my mpg files. I'm assuming it must be the upgrades, but when I purchased Videopress, it clearly stated that mpg files were fine.
As for resaving, what would be the optimal format? I see you have indicated the specs above but am just looking for the format/codec itself. My video editor provides me with many, however, I have tried a couple of them already (wmv, xmf, etc...) with the same result.
Since the 3 users that have posted are using 3 different formats, I'm starting to think its Videopress itself.