I was able to find a method of doing this in the student version.
1. Setup a fly-through, 2 or more cameras (I do not think you need more)
2. Under fly-through setup, change output format from .avi or .mov to VRML, .wrl file extension
3. In Viz use Import, and it came right in.
4. For some reason the 3d model (now looks like a microstation import), was rotated 90 degrees along the Y axis, change angle back to zero
This is a rather complex method to import but it worked without the loss of anything major.
----David