Please advise some software (paid or free) that can convert avi, wmv and mp4 files to the Mpeg-2 format.
I would prefer one that doesn't hang up or crash and will do somewhat loss-less conversion.
I plan to edit files and can't seem to find anything that can do that without inaccurate frame cuts (VirtualDub and Avidemux) or crashes / hangs up all the time (Solveigmm 4.0 and VideoRedo).
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I've never had VideoRedo hang up when cutting mpeg2. So my experience with the program is vastly different. But if you want another choice, take a look at TMPGEnc Smart Renderer 4, or Womble Mpeg Video Wizard DVD 5.
I have no idea why you'd want to convert avi to mpeg2 and then edit.
For conversion to mpeg2, try AVStoDVD. It can be set to output to a muxed mpeg2 file instead of DVD-video if you need that format. AVStoDVD will use the HCenc encoder or ffmpeg, depending on which you prefer. I'd advise using HCenc and two pass encode.