While importing video/photo files, MediaShow 4.0 creates a new folder to locate these files. Can I change the location?

Yes. The default location is at C:\Documents and Settings\your_username\My Documents\My Pictures. You can change the location by the steps below.

Run MediaShow 4.0: Click on the Rainbow icon/button in the left upper and then select Preferences > General > Save imported photos and videos to > Click Browse and select a folder.