VideoDrive 2.5b3 does not work with iTunes 10.5.1b2

(The links are munged because the forum software is a bit draconian and wouldnt let me post them)

When I try to import any video, VideoDrive stays at this screen for about 30s
cl.ly [slash] 2P193y3e2Z0e46351k1s

Then shows this error
cl.ly [slash] 2F0X1a2q200m240v1h0u

Here are my settings
cl.ly [slash] 1t2q1K3w2o0j1u151k1Q

I get the same error, even if I try to use "Other folder or drive" or "The same folder as your original files"

The latest 2.4 stable release of VideoDrive gives the same error.