Actually, YES!
It involves installing PD as a 32 bit application by removing the 64bit installer. I have done this with my trusty PD12 and use it for analog lossless capture, but I can also produce.
However...
You lose benefit of 64bit performance, so that is why I use an older version of PD and keep current version as is.
You need to download and install the K-lite mega-pack which I think includes the VFW interface.
You need to download lossless codecs if that is what you need, though VFW also has it own bundle including AVC.
VFW seems to top out at 1024x768 and does not support widescreen.
You will also have access to DivX codec which does full HD and widescreen, but lacks control over color space.
It's a whole new way to utilize PowerDirector, but has it's limits, though I may have missed a few backdoors as I only use it to capture and process older analog (VHS) video.
HP Envy Phoenix/4thGen i7-4770(4@3.4GHz~turbo>3.9)
Nvidia GTX 960(4GB)/16GB DDR3/
Canon Vixia HV30/HF-M40/HF-M41/HF-G20/Olympus E-PL5.
Tape capture using 6 VCR, TBC-1000, Elite BVP4+, Sony D8 camcorder with TBC.
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