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jtara - 6:00 pm on Sep 22, 2007 (gmt 0)
If you want it to look good, always go back to the source (whatever the video was originally shot on) for each conversion. And use a high-quality, lossless source. Converting from one lossy-compression format to another is almost always going to result is a poorer quality.
There are plenty of tools to do these conversions. Unfortunately, they aren't going to give you professional results.