MoviesForMy/Pod/PSP/Phone (formerly MovieToGo) converts QuickTime-readable movies into 320×240 MPEG-4 or H.264 format movies suitable for taking with you on your 5G Video iPod, Sony PSP or other MPEG-4 SP playback device. The program utilizes the Apple provided MPEG-4 (best 128 kHz LC audio encoder IMO) and H.264 multipass encoders - NOTE - the H.264 encoder is quite slow, but generates high-quality footage. Use the highest-quality source material possible.
3GP video for your phone too!