Well, I tried VSO ConvertXtoDVD.
The preview was wrong - made the video stretched but after it was burned onto a DVD, it is diplayed correctly.
It encoded between 1.7x and 2.1x speed - 1hr video in 35 minutes.
Ive only got an Athlon 64 3000+ 1GB RAM.
So for anyone looking for a good converter, use VSO ConvertXtoDVD