I am wondering if version 2 video recordings will be able to be converted for version 3 when released.

I imagine the whole iPi recorder and studio will be upgraded in V3, but I hope it will have this feature.

I hope we can expect release soon, but I realize until it is deemed ready, we will just have to chomp at the bit.

We do not actually change the format of records for V3. It's the same iPiVideo file.
We are struggling to release V3 till the end of October.

OK good, I was just wondering if and changes were made for them to have to be converted.

Thanks for the answer.

V3 is out!
http://ipisoft.com/store/version-3-0/