I'm currently downloading the torrent file for a film and its in .VOB (as well as a bunch of other files) format at about 4.5GB. Can I then take these .VOB files and run them through Handbrake to get a .MP4 file that is less than 2GB? Thanks.
As for myself, I have a custom setting that I use so that I can play on an iPod, computer display (ACD), or someday via Apple TV. Personally, I don't like encoding multiple times. I prefer one time for all of my uses.