That’s the MPEG-2 directshow filter. You can play MPEG-2 on your PC if you have a software DVD player. If you don’t have one, you can get the Elecard decoder
http://www.elecard.com/download/#mpeg2decoder
or play MPEG-2 with Media Player Classic
http://sourceforge.net/project/showfiles.php?group_id=82303&package_id=84358&release_id=227046