@aish_punk: either the vid clip is too large, or there is something wrong w/ your clip all together..to test this , try importing small clips into your movie maker and if it comes up quick, then something is wrong w/ your other clip..but if it still takes just the same amount of time, then there is something wrong w/ ur movie maker..for this i'd suggest uninstalling the reinstalling the program..
@rumela: download realplayer, and there should be a streaming downloader that comes with that, so whenever there is a streaming video you'll be able to download it w/ realplayer downloader and then it'll download to a .flv file..you can the convert it to whatever you want w/ your converter or zamzar.com