Top result on Google for CaptureLibLog is the GAF thread you made about it.
I would also run:
Junkware Removal Tool http://thisisudax.org/
SuperAntiSpyware http://www.superantispyware.com/
Spybot Search and Destroy http://www.safer-networking.org/dl/
Just use the free versions of SAS and Spybot. Run each one individually and do full scans until they don't detect anything. You can uninstall them after they scan clean if you want.
Install a good free antivirus like bitdefender, avg, or avast. MSE isn't as good as it used to be.
Thanks for the info. I ran SAS, Spybot, and JRT. None of them found anything major other than some tracking cookies and one small file from an old adware program I had. JRt told me event viewer logs were cleared, but I still see CaptureLibLog and everything else in the log.
Should I just not worry about it? I'm pretty sure it came with Freemake Video Downloader which I uninstalled a while back. I can't find any other signs of it on my comp other than the CaptureLibLog in the event viewer. I guess I'm just paranoid since it says "Enabled".