I dont know if you guys have heard about the H.264 codec, but OMFGBBQ.
Its basicly the newest revission of MPEG4 Designed to take MPEG4 a step further. This codec Can produde the same quality of DIVX at half the file size or at the same file size produce double the quality.
Doing some research i found it is not readily available in a codec package for windows, SORRY EDITORS.
But it is available in several software packages. Most you must pay for but dont worry i found a free one...
http://www.free-codecs.com/download/MediaCoder.htm
Actually its a pretty solid encoding program.
Let me get into the codec a little more though, As most divx users know divx only goes up to 8megabits, or 8000kbps as most know.
This codec was made to be able to go as high as 50megabits or 50000kbps for true HDTV Encoding little to no quality loss unlike encoding HDTV content to DIVX.
Anything you encode in this codec will look at least 2x better then the same bitrate in divx, So if you where to encode something at 600Kbps in divx it would look as if was encoded at 1200Kbps in this codec at the same file size.
The boxing effect seen when fast motion happens is far better also.
basicly it was designed for the delivery of video on cellphones all the way up to true high deffinition.
This is not so much a review as it is me raving about the codec.
By the way im not affiliated with it or that site, Im a user that was really impressed and wants to share it