you cant beat the price anyway.
edit: just playing around, here is a random clip from my disk encoded with 100 kbps (that would be super-low-bitrate), mute:
http://tmp.somestuff.org/random.mp4well, hard to say it looks great, but one can still see whats going on i guess

full log:
CODE
started ned 22.04.2007 / 11:04:51,50
ECHO is off.
x264 0.54.600
x264 --pass 1 --bitrate 100 --stats "F:\DIPLOMA\HD\prezentacijaHD_Diploma_spica.stats" --bframes 1 --subme 1 --analyse none --me dia --progress --no-psnr --filter "-2,-1" --output NUL "F:\DIPLOMA\HD\templateWEB_prezentacijaHD_Diploma_spica.avs"
x264 --pass 2 --bitrate 100 --stats "F:\DIPLOMA\HD\prezentacijaHD_Diploma_spica.stats" --ref 5 --bframes 1 --subme 6 --b-rdo --analyse p8x8,b8x8,i4x4,p4x4 --progress --no-psnr --filter "-2,-1" --output "F:\DIPLOMA\HD\prezentacijaHD_Diploma_spica.avi.mp4" "F:\DIPLOMA\HD\templateWEB_prezentacijaHD_Diploma_spica.avs"
MP4Box - GPAC version 0.4.1-DEV Jun 12 2006 compiled by Kurtnoise
GPAC Copyright: (c) Jean Le Feuvre 2000-2005
(c) ENST 2005-200X
ended ned 22.04.2007 / 11:06:55,64
Some info about the 1st track in container, usually video:
Track # 1 Info - TrackID 1 - TimeScale 25 - Duration 00:00:19.000
Media Info: Language "Undetermined" - Type "vide" - Sub Type "avc1" - 475 samples
Handler name: GPAC ISO Video Handler
MPEG-4 Config
Visual Stream - ObjectTypeIndication 0x21
AVC/H264 Video - Visual Size 512 x 288 - Profile Main @ Level 5.1
Decoding Buffer size 2838 - Average bitrate 95 kbps - Max Bitrate 228 kbps
No stream dependencies for decoding
StreamPriority 0
Computed info from media:
Total size 233187 bytes - Total samples duration 19000 ms
Average rate 95 kbps - Max Rate 228 kbps
Some info about the 2nd track in container, usually audio:
No track with ID 2 found