Hmmm - new workflow! Testing the truth of my assertion above that the file exported by QuickTime Pro was going to be large, I found - guess what - that it was pretty good!
So, I am scrapping Apple's Compressor for encoding iPod files (the encode timing was totally ridiculous) and have switched to QuickTime Pro. The iPod version of Develop 1of 3 should be up this evening! (Mar 7 18:00?)
Now back to editing Develop 2of3 . . .