I would do only MPEG and Windows Media, Quicktime if you must.
For Windows Media, the microsoft tools are best, for soem reason I get much better quality then with other programs and it's faster. I use the windows media batch encoder and do only broadband versions (300 kbps 320x240 ). The performance on a 22 ghz pc is about 1 minute for each minute of video.
For quicktime, try Soreson Squeeze for the best quality video. But it's very slow at about 7 minutes for each minute of video.
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