Originally posted by Momo:

Where did you find that video? This is the first time I see such functionality, but if it exists, it can be done for Cycles, it just needs to link the textures differently so they work with Cycles.

Sorry, no clue where the video is from.

Originally posted by Momo:

There Is a way to import VTFs and VMTs in Blender with the help of a few surprisingly unheard of addon:
https://github.com/REDxEYE/io_texture_VTF

That looks interesting.

Hii! :)
Saw this video that shows textures applied automatically in Blender Render.
https://gfycat.com/SpryWelltodoDogfish

Is it possible for it to do the same when importing qc in Cycles Render (or Eevee Render in the future)?

Offtopic, there is a addon that imports source models directly into Blender without using Crowbar - https://github.com/REDxEYE/io_mesh_SourceMDL