You want to save the live stream as a video file? The only thing that comes to mind right now is the free trial version of Camtasia http://www.techsmith.com/products/studio/default.asp
I've used that to create videos of software projects I've done to show in presentations. I think it's time-limited though  You can record any particular window and save the recording to disk.
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Too set in his ways to ever relate
If he could set that aside, there'd be heaven to pay
But weathered and aged, time swept him to grave
Love conquers all? Damn, I'd say that area's gray
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