Converting videos on Version 3, (32 as well as 64) gives Visual C++ runtime error.
Please go to this link on super user, and you'll get an idea of the real problem. http://superuser.com/questions/919224/microsot-visual-c-runtime-library-error-upon-converting-a-file-through-vlc
I'm using windows 7 home basic 64 bit.
This problem occurs with almost every build of version 3.