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i use a program called virtualdub in combination with a TV in card to do all my video, or convert the video i download (legaly, as i own the DVDs and have the legal right to own a backup). It is a very diverse program, and if you spend time with tweeking it's numorus settings you can get very high quality with the minimal of filesize fairly easily. I've gotten full legnth movies down to 98 megs and had them watchable.
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