I don't know much about these YV12 and YUY2 things, and I just discovered this today in ffdshow options after reading this topic.
Before that I also found another way to avoid the jumping dots problem using BSPlayer's overlay options (note: I use BS 0.86 b493).
Dunno if this solution can interest anybody or if it has already been given, but well... Please just bear with a beginner like me! ^_^
So, to avoid the problem you can also enable both the overlay in mode 1, and RGB overlay in RGB32 mode (force RGB option disabled).
You will then get a video which plays nicely... but upside-down!
So you'll still have to find a way to flip it; however the jumping dots problem disappears.
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