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video for xbox 360

Posted: Sat Jan 10, 2009 9:40 pm
by bdbssb
I believe the xbox 360 supports AVI, WMV, and Mp4. Is there any way possible to convert mpeg2 to either of those formats and keep Dolby 5.1 for audio? I am also interested in compression settings to get a dvd down to about 1 gig. I am currently using VSx2.