When I encode a musicsample with Nero in 128kb/s CBR then the average bitrate is not exactly 128kb/s (which is normal as it uses ABR).
When I encode the same sample with Quicktime 128kb/s CBR then the bitrate is exact 128kb/s although Quicktime 6.5 also uses ABR (as you can see while playing in Foobar2000).
Does quicktime use a 2-pass mode (like WMA)? Or does it just have a very flexible bit reservoir?