I don't think Producer is part of the old PPT Broadcast feature. But you've
gotten your wish -- it's not compatible with PPT 2007 (currently in beta).
If you want to create video files from PPT, you can look into capture
programs (Camtasia, Office FX, Presentersoft, etc.), or, depending on your
presentation, you can use video editing software (Premiere Pro, Windows
Movie Maker, etc.) to create video.

Signature
Echo [MS PPT MVP] http://www.echosvoice.com
What's new in PPT 2007? http://www.echosvoice.com/2007.htm
Fixing PowerPoint Annoyances http://www.oreilly.com/catalog/powerpointannoy/
PPTLive! Sept 17-20, 2006 http://www.pptlive.com
> It appears Producer only creates very ugly web pages and is not useful for
> creating video for playback in windows media player from a broadcast
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>
> what's it good for ?