Dazzle Video Capture Trouble.?

I have a new MacBook Air and a Dazzle Video Capture device, (not sure what model, or if it even matters) and I have downloaded VideoGlide capture and imputed someones serial code so I have the full version. But when I finish recording a clip off of my Xbox and try to watch it, it tells me that the format isn't recognized by quicktime. When i try and open it in final cut or imovie it doesn't import. I would greatly appreciate any help from anyone... Thanks.

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