One thing I'd do different is archive the AVI to DivX (or XviD) instead of the MPEG. You'll have less distortion creep in that way if you later need to recreate the MPEG.
AVI>MPEG adds distortion
AVI>DivX adds distortion
AVI>MPEG>DivX adds distortion twice. Then if you recreate the MPEG, you get the distortion a third time.
Fav quote - "Experience is whatcha don't get 'till ya don't need it no more."
System - Athlon 1.4GHz, Win98, Hauppauge PVR250 receiver and compressor.
Software -Magix Movie Edit Pro 10, Nero 6 + NeroVision Express, Moho 4.61, PSP 8.1, Bryce, Quicktime 6.52 pro, Goldwave 5, DVD-Lab.
Cameras - Panasonic GS9, Canon ES8400V, Canon EOS D20 and Canon A70