Actually, somebody had suggested that same exact thing before I even considered purchasing toast.
A few months ago, I bought and downloaded the Quicktime MPEG-2 as well as downloading Square 5.
But when I had installed Quicktime MPEG-2, it didn't show up in my applications as an application (it only gave me the option to install it again). So I figured that maybe it was just an add-on to my original Quicktime Application. But I still couldn't play my DVDs with that Quicktime. And I dragged my dvds to Square 5 and it said "unsupported file type."
I tried installing Quicktime MPEG 2 over and over.... each time it assured me "installation successful!"
But I couldn't figure out how to use it as an application. It kept prompting me to install it again.
So I was thinking that something went wrong, and my mac somehow refused to install Quicktime MPEG-2 properly. That's when I resorted to Toast.
Do you have any idea why the Quicktime MPEG-2 isn't working?? (I tried installing it recently with the same result). Thanks so much.