I just downloaded Fraps again. The last time I tried it was almost 2 years ago. They have improved it tremendously. The first time I tried it which was over two years ago, I couldn't get the sound to record. Then the last time the sound was recording but it was a real crappy frame rate. However, this new version works extremely well. I can actually get the 58 fps that my game is providing and the sound is recorded even with Windows 7.
I had purchased guncam within the last year and although it was OK I think I like fraps better. Besides I lost my registration key for guncam when I made the switch from my laptop to my new desktop and guncam was no help with sending it to me (I did register) therefore I have to either get a free one -- I did try wegame but it didn't work for me right out of the box -- or get fraps.