VVVV DX11 render as a webcam?

I would be surprised if this wasn’t asked before, but did not found the answer.

Could you turn VVVV DX11 into a webcam source for communicator programs like Skype or Lync?

I’ve been examining ManyCam software which allows to create virtual webcam from various content, including captured parts of the screen but that is clumsy, as the window needs to stay visible.

There is also SpoutCam, Spout works like a charm, but I found SpoutCam very clumsy in terms of compatibility, stability and image quality.

I wonder, is there any better solution how to turn FullHD output of the DX11 render window into a webcam video source?