S
Stevo
Guest
I use a paid utility called HD Converter by ImToo Software. It will accept an m2ts file and convert it into any number of formats. I was able to convert Tale of Despereux Blu Ray to a quicktime format file to be able to play on my wife's iPod. Was pretty decent and only took about 9 hours. You loose all navigation though, so i probably wouldn't do it for routine, but for the occasional travel movie on the iPod, its a possibility.
That may work for you.
I find that ProCoder3 works better which is what I use and get the same with the same issues, only movie no nav. I do this to convert m2ts's, BD movies, to DVD-IFO's, DVD movies, and they turn out better quality then if I bought the DVD too. I set the parameters to mastering VBR quality with bitrate at max allowed and they work fantastic.
ProCoder can be a little more complicated then ImToo so if you want an easier method it definately is a good way to go.