Program: MP4Cam2AVI
License: Open Source/GPL
Description: A MP4/MOV to AVI repackaging tool for digital photo-video cameras, it makes their clips editable in VirtualDub, MovieMaker and other AVI editors. No video recompression, no quality loss, fast operation (5-20x realtime), no quicktime needed.
Website: http://sourceforge.net/projects/mp4cam2avi/
A search of PAc did not show any results, however according to Google, this has been made portable elsewhere, but not in ".paf" form. And since it works with VirtualDub, it might make a good addition here. 
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A brilliant program that I have been using it for about 4 years & the only
one that will process the *.mov files from my Panasonic DMC-TZ5 without
trying to distort my 16:9 widescreen files into 4:3.
It is natively portable without dialling home when you click on a non-existant
help file - so just use it as it is. It uses an *.ini file in its program directory
and doesn't write to the registry. There is no need for a PAF version.
I'm looking into this right now, should have it ready shortly.
Thank you! I look forward to trying it out. I did look at trying to do it myself, however I got confused with the process fairly quickly... so I am glad that someone with experience is giving it a go.