I have a PowerPoint presentation with graphics, text that is bolded and/or italicized, and line drawings.

When I have Captivate import the presentation, it absolutely WRECKS bold or italicized texts within a sentence, and makes line drawings unintelligible.

I have used Captivate as my tool of choice for years.
I sat on my Fortune 500 company's evaluation team when the "new and improved" Captivate came out.
WE DROPPED CAPTIVATE FROM USE because of poor functionality.

Now I have my own company and do work for clients. I am evaluating Captivate for several new projects -- but I am not seeing a viable product right now.

I have a couple more days of testing to do, so perhaps I will find a "nugget", but when I have to argue with a tool to get "somewhat" what I want, I will find another tool.

Captivate WAS very intuitive and easy to use. It appears (and this was the consensus at my old company) that software engineers AND NOT INSTRUCTIONAL DESIGNERS decided how the new Captivate "should" work, and built an engineer's version.

Engineers SHOULD NOT design interface elements. (BTW, I am an engineer.) The END USER needs to tell us HOW the process works so that we can build a system that does that -- with GUIDANCE from users on the "whiz-bang widgets".