I save TV programs as .wmv files and they're around 200MB for an hour. The quality's good at 320x240, and OK full screen.
If you want a better compression, then I suggest Dr. DivX, I use it to compress DVDs down to about 400MB (this is the normal quality, optimal doubles that)
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"Hey little kitty with your tail dragging on the floor
You could have a following in every town that you go"
Electric Six - I Invented The Night
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