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Ok, can't remember if this was done already in the old thread, but how far have you managed to push the capabilities of h264 before it becomes fugly?
One episode of Pretty Cure I tested on I got down to 100MB (including audio, so about 80MB video) and it was only slightly worse than the 233MB xvid. Even then I wasn't using teh uber l33t settings (can't remember what I used exactly... something like 8 mixed refs, 2 b-frames, rdo1, blocking 1,1). I'll probably do another one once I get back to my decent computer and test some more.
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