The SVP logo should appear to dillineate that the movie is apparantly being played back at 60fps, or your TV/monitor's refresh rate? Press CTRL-J in MPC-HC as a movie or file is being played for usage statistics. You should see in real time see how many frames are played back and which GPU is being used by MPC-HC. I could only get SVP Free to work with 32bit mpc-hc
There is no logo and nothing happens when I press CTRL+J