I have been working for the past two days on this. It's an all out guide on making screencasts in Ubuntu. Please have a look.
I will be glad to help you with any questions you have. To get your question answered faster, please comment the blog that it is related to. The reason I ask of this is because I check my blog much more than I check this post.
http://techaspect.weebly.com/2/post/...mydesktop.html
http://techaspect.weebly.com/2/post/...creencast.html
http://techaspect.weebly.com/2/post/...-mencoder.html
http://techaspect.weebly.com/2/post/...to-bliptv.html
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