I want to set the Pocket PC performance bar much higher, dammit!

Minimum, it should be able to play any standard VideoCD MPEG1 at full 30fps.
Even better is if it can play DVD->Divx MPEG4 video at full frame rate. You know, those MPEG2 DVD movies that you convert to Divx so it can juust fit in one CD-ROM (650-700MB), but still looks almost as good on the big screen?
What, you're saying, it's total overkill playing high-res video on the PPC screen? I know, I just want the convenience of never having to manually re-encode any video (again) just for the PPC. And this way, the same hi-res video you carry on your PPC can be outputted to any big screen and still be watchable (assuming there's a way to connect directly).
Anyways, I keep reading about the digital nirvana that the new ISO MPEG4 is supposed to bring about (recently from latest PC Mag issue). Interactive features, one source for multiple devices/resolutions, etc...?