Saving file in Windows Live Movie Maker

I want to save a segment of a wmv file in the same format as the original file. I used to do this all the time in the old movie editor, but the "new, improved" model doesn't seem to have this as an option when saving. Instead, it looks like you have to use one of the delivered options, or set up a custom setting which isn't always easy to do. Am I missing something obvious?

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