In this post over 2 years ago, I mentioned FairUse Wizard.
At that time, I was using it to transcode movies for my Treo. I still use it for that and it works fine.
However, I've found a new use for it. Remember that for Christmas I got the Philips DVP5982 DVD player.
The DVP5982 plays DivX/XviD videos from USB drives. I've been taking DVDs and ripping them with FairUse Wizard to 700MB XviDs. I copy these to a 2GB thumb drive and watch them from there.