Best answer (Chosen by asker)
There's no such thing as .bin video format.
".bin" is normally an extension used by a CD image file. CD image itself is a "snapshot" of a CD disc that can contain virtually anything -- a software, a VCD movie, an SVCD movie, a game, X rated images, etc.
For .bin files, you should always try open the .bin file first -- think it as a helluva big "zip file" that fits usually perfectly to a single CDR disc.
For opening such image, you have two options -- you can burn it to a CDR and see what it has inside it after you've burned the disc. Guide for burning a .bin file with Nero to CDR is available here.
Another option is to map the .bin image file as a "virtual" CD-ROM drive, where your system sees the contents of the image file as a new "fake" CD-ROM drive. You can do this by using a freeware tool called Daemon Tools.
