I went through the XvMC page on the MythTV wiki ( <a href="http://www.mythtv.org/wiki/index.php/XvMC#Tips_and_Tricks">http://www.mythtv.org/wiki/index.php/XvMC#Tips_and_Tricks</a> ) and compared my settings with it. One of the suggestions is to run the nvidia-settings utility and try disabling the "Sync to VBlank" toggles. Apparently, I had these both checked.
<br><br>Unchecking the "Video Texture Adaptor" checkbox seems to have fixed the problem.<br><br>I still get underruns when the GUI fades away and when I seek, pause, etc. But they seem to be infrequent now when playing.
<br><br>Thanks for all of your suggestions.<br>