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Yeah, just open the file, copy.
Make new movie...
Paste.
Open the file, copy.
Back to new file - deselect the movie (drag the little arrow things to the right hand side - both of them) and paste...
GOTO line 4...
Definately worth it. It lets you do so much more... I'd register just for the ability to export files.
Sure you can do it with other apps... but I'm too lazy and it works well.
I didn't have to pay to register mine, as OS 8.5 included free registration of QuickTime 3.0, which works with 4 as well.