CamStudio is free and has no limits or watermarks on it. The only trouble is that it's quite a system hog and records at the native resolution so you need to compress it unless you want a massive file taking up half your HDD.
XFire Gaming Simplified - Video Recorder (you need to have an XFire client). With XFire you can do Live Feeds... so people can see you play over the internet over a live feed. Pretty nice.
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