Yeah, I can't use the software renderer either.
I can use this as it improves the rendering in-game. I can even stand the 60's style purple arthouse menu effect

But if I take fraps clips in-game with it switched on I get a
dual 60's style purple arthouse clip on playback. Apart from the acid flashbacks, it makes vids impossible. Well, not impossible, but I don't want to scare everyone.
Is this your experience too speedbump ? Is there a way around it ?