Two things I wish FRAPS could do:
1) Instead of an ON/OFF hotkey toggle which it has now, enable an alternative HOLD DOWN hotkey (just like guns are now).
2) Enable hotkey assignments to accept Directx joystick buttons in addition to keyboard characters.
I actually was in contact with FRAPS about item (2), the FRAPS guy who responded seemed puzzled as to why anyone would want to push a HOTAS button to stop/start FRAPS when you have a handy 107-character keyboard right in front of you. First time they'd had this request, he said, and "they would look into it". I imagine he then returned to their inter-office Pong championship......

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My system: i7 920 @ 2.67 MHZ, Win 7 64-bit, 12 Gig DDR3, Gigabyte GTX 680 2 Gig, Thrustmaster Warthog HOTAS, CH Quadrant, CH Pedals, Track IR 5