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I got a 2 hour movie (320x240 25 FPS) down to 178MB using 5.02 and 134MB using 5.03
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From my reading here, I'd say =you= should be giving directions rather than asking for them! <g>
Those results are very good for a 2 hour movie. For further reading:
Nicky's Digital Guides
Also, I find the PocketMVP help file interesting reading.
Jeff