Regardless of renderer (overlay, VMR7, VMR9, etc) or any combination of any other installed codecs... I have tried updating DirectX but there's nothing to update to, I've tried different versions of the Realtek HD audio driver from MSI...
This same hardware and software combination, using just the TT S2-3200, works flawlessley in DVBViewer and ProgDVB; yes, I know DVBViewer does not support the Skywalker. But seriously, DVBDream is 10x nicer to look at and use, and I'd rather the Skywalker work then the TT -- I just wish DVBDream would work properly

Do I need to change a GUID? Can anyone offer some insight?
My specs:
Technotrend S2-3200
Genpix Skywalker-1
DVBDream 1.3c
Windows Server 2003 SP2
DirectX 9
ATI X1650 Pro Video w/AVIVO codecs
Realtek HD Audio (motherboard)