If you have a TV tuner card or video capture card then you can do worse than give dscaler a try. This free software combats the problems of interlacing and other visual quirks in captured video. It enables you to capture video from a hardware source and apply a variety of effects and filters to it in order to improve the quality of the output video file.
Once you have captured a video from an external source, you may wish to edit it. For professional video editing you have to spend serious money, but there is a free alternative: Virtual Dub. Whilst it is not as fully-featured as professional video editing software, Virtual Dub is still a powerful piece of software for editing or changing format of a variety of video file types.
Real Alternative is a small package that enables you to watch RealMedia files without installing Real Player. After installing this codec pack (software that translates digital information into video or sound) you are able to open RealMedia files with various media players, including VLC and Media Player Classic (both excellent freeware media players).