As good as his stuff is, if you really get into this, there are a huge number of filters for VirtualDub and AVISynth (from which I think Mike adapted his code). Some of the better ones use motion estimation to reduce the temporal smoothing when the camera or the object in the field of view are moving (which can create really nasty artifacts). If you are really serious about noise reduction, it is worth learning to use these tools.

Also, not to throw too much cold water on things, but make darn sure you look at several minutes of your noise-reduced footage to make sure you are really happy. The usual first reaction everyone has when using these filters is "wow, the grain (or noise) is gone!" The second reaction is, "yuck, where did all those smears and ghosts come from?" My usual advice to people doing noise reduction is to change the settings until you like the look, and then dial back those settings to about 1/2 the strength you used.

I've processed hundreds of hours of VHS, SVHS, inverse telecined film, and film captured with the Workprinter, and I've committed some terrible mistakes in the process of trying to make things look better. The stuff I do now looks pretty darn good, but some of my early work ... brrrr .... it makes me shiver.

While it did a terrific job on the grain the other "blob" type noises" was the kind I would get the smears. Ended up somewhere between 0 and 10 on the filter setting. With just film grain I left it at 20. I could also get similar results (smearing) with the ADVC 300 if I strayed away too far from the defaults.

JJK

Hei

Maybe the best filter out there is the newly released Neat Video noise reduction plug-in. This can be used as at plug-in to Adobe Premiere Pro / Elements, After Effects and VirtualDub. Maybe it’s possible to use Neat Video within Vegas through Wax, I have not tested yet. You can download the test versions of Neat Video her:

http://www.neatvideo.com/index.html

Be aware that Neat Video is very slow.

Best wishes,
Joran