TCPMP is the only program for WM that I'm jealous about...
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And for Palm OS It's so awesome on the Tapwave Zodiac because it takes advantage of its ATI graphics.
I tweaked my video encoding settings some more and got it right. 320x240 and 700 bitrate. I know that on the Zodiac I used higher res. I'm satisfied now. And there is hope for better, TCPMP.
I'm not disappointed anymore, I was just scared.