Good news. I tried TMPGenc Express 4 and it converted the 4.3GB TS file into a 2.7GB AVI Divx 1280x720p file in about 15 hours. That's 5 times faster than Divx7 Converter.
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Vaq
Testing VS Ultra Lite, VS 9000, Fortec NA
(Using two elliptical dishes with dual LNBs
and one 30" motorized dish with Invacom QPH301)
(If your question can be asked in the forums, then please do so; don't PM me unless it is private information)