well yes. The operation (regsvr32 -u) is telling the system not to use this splitter anymore.
As far as I know, any application on your system that needed an mpeg2 splitter was using this one. Now any application that needs a mpeg2 splitter will be using the directx one.
I have no idea what the differences between the 2 splitters are, but hopefully the apps won't see any difference.
anyway, as I said, if you have any problem you can easily revert to the previous situation by just re-registering the mpeg2parser.ax filter.
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