Even though Ulead chose not to implement true inter-track transitions this doesn't mean you can't do them, you just have to get a bit creative
Here's the procedure for doing an inter-track transtition between Video1 and Video2, though it'll work anywhere;
1. create a blank *.tga with transparancy. That's right: nothing in it but the alpha channel. You can also download mine below. Either way archive this for later re-use.
2. Place the video clips on Video1 and Video2 then load in the *.tga to Video2, setting its duration to that you want for the transition. Its alpha channel will be automatically applied.
Now snap the *.tga to align with an overlap over the Video1 clip
3. next drag the Video2 clip to completely overlap the *.tga. A crossfade will be automatically applied, but this can be changed to whatever transition you want.
POOF!! Instant inter-track transition.
Here's the project file ("right-click/save as" to download):
http://digitalvideo.8m.net/msp8/intertr ... rtrack.dvp
Here's the transparant *.tga
http://digitalvideo.8m.net/msp8/intertr ... nk-tga.tga
Here's what it looks like;
http://digitalvideo.8m.net/msp8/intertr ... rtrack.wmv
Step 1: I initially place the Video3 clip on Video4 to aid in aligning two instances of the blank *.tga, one at either end. I then just copy/paste the first blank to get the rest;
Step 2: when finished aligning the blanks just drag down the clip on Video4 to overlay each pair. The next step is to apply filters or a moving path (with or without a border) if desired. Both the image and border will have the transition applied.
Once you have decided which transition, moving path, video filter etc. to use shift-select each trio and group them. Now you can move 'em around as a unit.