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1) search these forums, i've been here 10 minutes and already found about a dozzen threads about doing this
2)Divx is probbably the most bang for your buck (even if you dont pay for the bang)....
3) i've gotten Montey Python and the Holy grail down to almost watchable quality 90 megs.... but it'd be around 100-150 for deecent quality.
4)look in the downloads section of this page. its the one i currently use
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