I've been interested in this for a while too and from what I've read auto gordian knot is supposed to be one of the best one out. It's supposed to be really good at shrinking 4gb dvds into 700 mb avis without loss of quality but I tried using it and it was compressing for over a day before I finally just shut it off (I've got a decent processor there's no way it should've taken that long). But anyways idk if I just wasn't using it right or what. I haven't tried it since but maybe you'll have better luck with it. I also read about a couple of other ones that were supposed to be pretty good but I don't remember the names of them right now, sorry.
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