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While this is easiest for the user, it is not the way that will yield more quality or rendering speed. Using the BW filter with keyframes is a simpler operation algorithmically for Vegas, than to have two clips on top of each other trying to cross fade (and using more cpu/ram too on the way).
thanks for the suggestions!
do any of you have any favorite ways of making digital video look like old b&w film? So far, I've used the obvious film effects (scratches & dust) and softened the border edge...any other tricks that are personal favorites?