I find Auto Gordian Knot gives me the best results,
All the videos and DVD's I encoded have worked well on the GP2X, never could master converting DVD to the GP32.
Just thought I would post my findings with the new firmware.
I updated to the 1.2.0 firmware, the picture viewer is much better and a low res Divx episode of Red vs Blue I had runs with picture and sound in sync (the picture was about 3 seconds behind the sound on 1.1.0)
As for my cards...
No E-mail as of yet, ordered it on 16th of september. So hopfully I should get one soon.
Update: Just recieved E-mail after posting original message. :D