Basic Streaming and File Conversion

[BlazinThat]

Hello

Im pretty much a noob to streaming, and ive been having issues with Vuze and my 360 playing videos and the right formats so im asking for some help. I have a central drive that hold Dvd and BluRay videos that i want to convert down to a small size(500mb-800mb) while keeping as much quality as i can, i stream to my 360 w/42in Tv as well as to my tablet and phone, so what formats should I be looking to use? And whats a good converter that just does the basics?

I dont have cable so im looking to do this for my kids, but i dont know anything about codexs or formats. The best thing ive come up with is XBMC for streaming my library.

Thanks for any help!

[Baldrick]

Vidcoder! Convert to mp4 with h264 video. Adjust the output file size under settings and video.