So i was messing around this morning and ran across VIO
http://vio.thepiratebay.org/ and decided to try it out. Works pretty good. compression is great and does reduce video quality. You wanna put vids on your fone, try this out.
SO here you go.
TUTORIAL.
Install and run VIO.
Select the movie you wanna convert. you can hit advance settings and put them in yourself. Or click the drop down under optimized for and choose F480 (samsung original behold)
Compressed a 700mb movie into about 180 mb. cuts the sound and video frame rate by a 4th. but you can change that if you want. IF YOU DON'T KNOW ABOUT VIDEO AND SOUND I WOULDN'T RECOMMEND MESSING WITH THE SETTINGS.
Click Convert Video. Take 15-20 minutes depending on the size of the movie.
OBTW. YES IT CROPS THE MOVIE TO MAKE IT WIDESCREEN FORMAT. You can change it to 320x240 but not sure how much of the movie will get cut if you do this. And it saves the files in MP4 format.
Been playing with this and if you set it to 320x200 it pretty much fills in the whole screen. I just converted Max Payne like that it and it full screen.
Tried Babylon A.D at 320x220 but it cuts off the top and the bottom and doesn't give you the option to set the zoom.