Yes. But not H.264. I have the Intensity Shuttle and capture component from a Sony HVR-A1 without a tape in it. Once you capture to tape, it’s compressed as m2t. I capture straight from the imager before the compresser. With the Media Express software that comes with the camera, I can capture 1920 x 1080 Motion JPEG avi, or uncompressed 8 and 10 bit avi but need a raid array for those two formats. With Vegas my capture choices are 8 bit YUV AVI and HD 422 .mxf. Both mxf and MJPEG look far better than the m2t via fitewire. Hope this helps, Danny Hays