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I'd recommend going with the Pinnacle Systems products. I've been using them for a couple years now and they seem to give every possible options on earth for file compression (even with their lower-end product StudioDV).
What I found lately to be a good compromise between movie quality and file size, is to compress evertyhing in WMV format. Honestly dood, that is the future right there.
Shoot at 30 frames per second, then compress using WMV at 15 frames per second. You'll be fuckin amazed on the quality of the vids and how hella small your movie files get. my 2 cents...
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