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It appears a new version of the Panasonic Mpeg encoder, this time supporting SVCD, is out. Has anyone tried it yet?

Hi folks, can anyone recommend an easy authoring software that accepts tMpeg-encoded files WITHOUT re-encoding video or audio? I don't mind demuxing/remuxing but it shouldn't re-encode! My intention is to make mini-DVD's. I live in PAL country where MP2 is perfectly OK for the audio tracks.