Yeah, I tried it on a whim and was amazed that my DivX files were all converted automatically. To be fair, I haven't checked if it compresses or downsizes them. Part of me hope it doesn't downsize them too far. I'm waiting for TV Out cables and I'd like it to look good via that too. All I know is I was about to go and modify all my scripts on my linux download box to work for my TP2 instead of my Treo Pro when I tried WMP and it just worked.

I'm not overly picky, so as long as it looks good via TV out too, I'll be happy and probably just stick with WMP.