Heh - i wish.
Its not "converting" the DVRMS file - just simply removing the wrapper that MS put over the underlying MPEG file - which is what you are left with at the end. What stuns me is the sheer speed at which it does it - and there's no loss of quality therefore.
I do have a small problem in that I want to put the resultant MPEG's on a TV based media player but it only supports FAT32 partition types for TV playback - and quite a few of my MPEG's are over the 3.2gb limit so I need to split/chop them up. The player is fine with this and seamlessly plays each clip in order (if they are numbered logically) - but with "some" films, when I chop them up (have tried different apps) either the audio just plays out of sync or its at half the speed of the video - very strange.