I have been very successful at running version 0.8.5 on DVR-captured HD files (.m2t extension), created by the FireWire SDK tools.
Once I updated to 0.8.6, everything broke. The files do not show (black screen, while I can hear some audio), and after a few seconds VLC eventually crashes.
I tried the same files on the VLC for Windows version 0.8.6, and this version works fine.
I am running with the latest Mac OS X 10.4 version, on a Powerbook 15in 1.67 GhZ.
Here is a link to a file that works with 0.8.5 and breaks 0.8.6:
http://marcopapa.dyndns.org/downloads/C ... _17_PM.m2t
I also started to upload the same file to the ftp site (incoming dir). It is 260B, so it will take a while with DSL.
-- neptune2000