For same file size and bit rate I would expect x264 to be better, but what about drastically different bit rates and file sizes?
Let's say you made a number of 44 minute 720p videos
700M x264, 2pass, L4.0
1702 video bitrate
384 kb/s audio
1.1G xvid with 3000 video bitrate
640 kb/s audio
Would you expect the x264 video to be superior in this scenario? And how different would you expect them to be quality wise?
When I look at them they seem the same to be but 1702 seems very low, could it compete with xvid at this bitrate?
		
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	depending on the x264 settings, x264 will probably still win, but jagabo is right it also (like always) depends on the source,.. 
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	h.264 is better than mpeg4-asp, but is it TWICE as good? Is that side-by-side comparison even using the same show? Apples vs. Oranges. 
 
 Scott
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	"..., but is it TWICE as good?" depends on the content, on relatively hight bit rates for the content probably not,.. 
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