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You will need some sort of line amp for the projectors -- depends on the run of the cable. To project the live dance, ULead's really not going to cut it. It will for the capture and edit, but not live. If you were running a dual monitor configuration, you could just move the capture window to one monitor (LCD Projector) and do that. But there is specific (expensive) software that will allow what you want. The least expensive that I'm aware of is Avid Media Composer. It will let allow you to do real time editing for broadcast.
-Craig
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