First of all, we have a forum for this specifically. At least post it there first, then maybe in here if you think it hasn't got enough attention in that forum.
The film is nearly unviewable. It's a slideshow. You were trying to run fraps while playing, is my guess.
Fly, turn on film recorder. When done, turn off. Exit game. Load fraps, start film viewer and then record from film viewer (using full screen mode in film viewer). Then you don't get the crappy fps chop.
EDIT: On second glance it looks like you're trying to capture things at too large a resolution. Try turning it way down and capturing it. You won't get as many problems at 256 resolution as you will at 1024.