Sequence Editor - PIP

Is there a way to do a picture in picture type arrangement in the sequence editor with two AVIs. I want one of the two movies to run in the upper corner to show a closeup view of what is happening in the main movie.

Also, is there a way to change the sequence window so that the numbers along the bottom of the window are frame numbers like the IPO window. Thanks.

Add the movie as an animated texture to a plane. Position the camera to get the zoomed in effect that you want. Render that as your ‘picture’ movie. Move the camera back to render the whole scene and place a plane with the new picture in picture animated texture anywhere you want. You can also render them separately and combine in the sequence editor.