MP4 should work in both Media Player and VLC through Windows 7; I have Windows 7 in one of my computers--no problem at all playing MP4 in both VLC and Media Player. Maybe it's such a huge file that it requires an inordinate period of time to load. Perhaps you're not really working with MP4, to begin with. Possibly your video codecs are funky, not at all conducive to transfer. Just a thought here--as a test control measure, make certain that you can play a proved MP4 through your system.
You could try RealPlayer, as well, by the way; an added bonus is that you can easily download YouTube videos with RealPlayer--in MP4 format. VLC also provides downloading capabilities of YouTube videos in MP4, of course, but the process is a little more involved.
To create a panorama photo, you need to take a screen shot. While a video is running--at the point where you want to capture what's going on at that specific instant of activity--just punch the Print Screen key on the keyboard (or, alternately Ctrl and Print Screen). That will load the screen shot in the clipboard for transfer to the image editing software for digital manipulations.
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