prasanna, You should also try some of the other compression codecs that still reduce the output size I later tried Huffyuv and Indeo Video codecs and they about halved the size of the output and the final AMV was better quality.
It seems the time it takes depends on the compression codec used with the example the longest took about 14 minutes the shortest about 8 minutes. I can do a full lenght movie with no compression in between 17 to 20 minutes depending on the lenght of the movie.
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