Ah yes you're right - TrueView is on. It seems to work great with the Track Relative mode checked in AH - I'll try disabling them both and see how it goes. Good TIR write up btw.
I used FRAPS and I believe I was using F10 as the capture key. With my old PC I wasn't able to use FRAPS because it docked my FPS so much that I could hardly play while capturing, but this new quad core runs it very well.