I have been using compressor to encode the videos for the pearl and have been having good luck with it so far. There is only a 5 second delay using the controls now, although forward and rewind still has a bit of a delay. When you encode, be sure to find out what the framerate is of the source file before choosing a export framerate. Make sure it is something easily divisible by the source framerate, otherwise, you will end up w/ dropped frames and playback issues. Most of the tv episode rips I have been encoding are at 23.98 FPS, so I've been encoding them at 11.99 FPS, and it still looks great. For an action movie, I'd probably go with something else, but it works well for the lower-motion shows.
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