[Jsedit]

The solution here that I did not mention is an export of your footage to a 720 x 486 NTSC QuickTime movie. That is in the case you simply want to downconvert your footage to a squeezed image. Which is fine in my case. The trick to this is to make sure in your export settings click the format button and be sure your video codec is DV/DVCPRO. Without this I got an export error every time.