It worked!...and very well indeed!
Hardware-
Viewsonic N4060W
AppleTV (HDMI) 1080i setting
24" iMac
Maxtor Firewire drive
Software-
MacTheRipper 3.0 R14
Mediafork 0.8 0b1
iTunes
Casino Royale WS DVD
Used MacTheRipper to extract the movie from my DVD (only 3.0R14 will do it). 40mins
-This step is only mandatory for the "tough to crack" Sony DVDs.
Imported rip to MediaFork and encoded with these settings:
h.264 (Main)
(fps) -same as source
(Average bitrate) 5000kbs
-default for rest
(Audio) -default
50mins
Then imported Casino Royale WS.mp4 to iTunes. 2mins
Started up AppleTV, went to Movies, started Movie!
It took ~45sec for the movie to start (I think it was the Airport). As soon as I opened the Airport utility on the iMac, I noticed a 2.0MB stream transmiting from the iMac.
IMHO, the AppleTV is doing a fine job of upconverting. Any quality issues are going to be centered around the encoding rate. I'm going to do a few more test to see just how high of a bitrate i can make the file.
Now, all I need is the next MediaFork/HandBrake release...since it will support AAC5.1!
Totally Content...
PowerBook G4 Ti / 24" iMac 2.33, 2gb,500gb, Mac OS X (10.4.9)