http://msdn.microsoft.com/en-us/libr...=vs.85%29.aspx

In Windows 8, Desktop Window Manager (DWM) is always ON and cannot be disabled by end users and apps. As in Windows 7, DWM is used to compose the desktop. In addition to experiences enabled in Windows 7, now DWM desktop composition enables desktop composition for all themes, support for Stereoscopic 3D, and management, separation, and protection of the experience with Windows Store apps.
This means that Video FX should work, yes.