Womble MPEG Video Wizard will do it without recompressing the signal, provided you do no manipulation of the volume in any form. You can make straight cuts and get the same output ... and it's darn fast as a result (just as fast as your disc will write). One other thing ... you have to be sure any multiple sources are all at the same bitrate. No mixing 5.1 and 2.0 sources to get 5.1 output.