PAL videotape to CD

Hi, I'd like to store the content of one (40-50 min) PAL video tape on a CD in a relatively good quality. Can anybody experienced recommend me the file format, codecs, resolution, frame rate, and SW? It's very time consuming to test and compare alternatives (I've made some tests with MainActor, MPlayer, DivX, .... ) I have the Hauppauge WinTV (BT878), 2 GHz P4, and about 50 GB of free disk space, SuSE Linux 7.3 (8.0). -- Alexandr.Malusek@imv.liu.se