Fraps' killer has finally arrived:
http://www.playclaw.com/index.php

This thing's just simply amazing. I mean seriously, Fraps totally dumbed the emulator down to a horrifying 5 FPS when I tried recording with it. But this PlayClaw... it records the emulator SO WELL (even at FULL-SIZE), that I almost shat bricks.

I'm looking forward to getting the full version, but damn, this is some expensive shit for just one simple recorder. I might just have to wait for someone to crack it instead. The only cracked copy of PlayClaw that I've found so far is version 1.8, which sucks (not to mention buggy), and doesn't have native DX10 support yet. :\

I give it 47,000,000 thumbs-ups.