I have updated the Win32 distribution of vnc2swf to v0.9.5 its available from the VNCed website http://vnced.sourceforge.net/ <http://vnced.sourceforge.net/> The file you need is pyvnc2swf-py2exe 1.1 <http://prdownloads.sourceforge.net/vnced/pyvnc2swf-py2exe.1.1.zip?download> under the downloads section I have tested it out and everything seems to record fine. Any problems just let me know.
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