Flash Video Technology - Blog Ing. Fabio Sonnati 2007

I use a mix of Ffmpeg, x264, Mencoder and Nero AAC. Here some parameters used:
5 reference frames, 5 B-frames, authomatic B-Frames, B-pyramid enabled, adaptive macroblock type, advanced Trellis on, Subq=7, advanced exagon search, deblocking filter with custom alpha e beta parameter, three pass encoding..

Example : clip from Sigur Ros' Hemia