The video is in AVI have several Gb yes (about 1.95 gigabytes every 15 minutes using the codec Lagarith for example), but it gets smaller when you pass him by and then the VirtualDub for create a new AVI, and you will pass your new AVI in program MeGUI you will separate video and audio and joins them in MKV format (the name is something like longplay muxed video). Any doubts visit our chat! It seems complicated at first but you soon get used to it and learn to do the best encode for your longplays!
Depending on what you used to compress with... so yes.
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