I decided to take Unicorn23`s advice and I purchased CCE Basic. At about $58 it is reasonably priced.
I gave the CCE software a tryout last night. It did a marvelous job with a lousy looking video clip that I recorded with my All in Wonder card from my cable TV.
A month or so ago I used Nero to make DVDs and SVCDs of the same video clip with so-so results.
The SVCD that I burned last night using CCE Basic, VCDEasy, and Nero looks as nice as the original broadcast (albeit somewhat lousy to start with) on my standard definition television set.
Watching the CCE encoded SVCD on my television it is not apparent that you are watching a recording, rather than live television. This is in contrast to SVCDs that I have made using both Roxio and Nero. In those SVCDs it is apparent that you are watching digital recordings as the videos show occasional compression artifacts, which are a dead giveaway.
I really like the "deinterlace" feature of CCE Basic. The CCE Basic did a great job cleaning up the video. In contrast, my Roxio and Nero encoded DVDs and SVCDs did not do a very good job getting rid of the "combing" effect of the interlacing.