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Works perfectly, installed K-lite codec pack and tested all audio and video compression codecs.
Added flv, wmv, MP4, QT and Direct show input plugins, work like a charm. Can now play, edit or convert Youtube vids. You may have to manually add ac3acm.ax to system.ini to make VDub play AC3 encoded video.
I think this is due to the K-lite intaller not wine.
What does not
What was not tested
If all others fail, it makes a good video player in wine as well...