Hmm... I expected something like Sony Vegas or Adobe After Effects. I've never heard of Virtual Dub.
For Fraps, Bandicam is actually better. It's a little bit a of pain to deal with piracy (you have to block the program with firewall so that it doesn't update with anti-piracy features), but it's definitely an upgrade from Fraps. Fraps works though.
Anyway, good job on your first video. ^^