Hello! I think this question has already been asked but with different flavours.

My problem resised in the fact that my camera (Canon G9) creates video with almost raw codec (I think it's plain old MPEG) so a 10 minutes video is almost 900mb.

I would like to convert them in a format that has a good trade-off between space and quality, but I would prefer having the quality as good as the original (of course this is not possible because of lossy compression) just saving as much space is possible with a minimal lose of quality.

Which codec should I look for? H264? It seems to be the champion of the moment.. otherwise which other ones could I try? XviD?

Which parameters should I use? I mean how many kbits/s is a fair good bitrate to keep high quality? And what about audio codec?

video specs are 640x480 at 30fps or 1024x768 at 15fps..

thanks in advance!