from the very first 3 seconds from this video
http://www.youtube.com/watch?v=_y214WVbvFE&feature=fvwI figured it's "Wave Warp" from After Effects ... but I'm not sure ..It's not the same either there are further effects (besides resizing the image)....
Eu vorbeam serios, din cate stiu, anime'urile se fac desenate frame by frame, nu in After Effects. Daca vrei sa recreezi efectul in After Effects, asta nu stiu cum e, dar in Vegas se poate utilizand masking + warp de la pluginul New Blue FX, care din cate am inteles, este si pentru Premiere, AE, Edius, FCP, etc. Desi s'ar putea realiza si fara masking, cu Twirl (e tranzitie), care la randul lui face parte din pluginurile Blue FX. http://www.newbluefx.com/Here you go, the answer to your question, happy?
When you get into more advanced AE techniques, beyond just dropping in a plugin, you can make custom algorithms to manipulate the pixels or to move layers around. There are thousands of websites out there that have good tutorials for this. http://creativecow.com is a good one.
These movies are awesome, I really enjoy watching them and very interesting, all I can say its so cool, I can’t explain much but just take a look and you will know why… http://www.ariztical.com/new_releases.html