Well, nothing I make is going to be for retail. I'm not trying to profit off this or anything. Version numbers are there because I plan on improving all of my videos in the future. (Which to answer the question of 'when?' will probably as soon as I get Adobe Premiere) And I don't mind being rated on the WMVs as the utility I use to make /all/ of my videos thus far is Windows Movie Maker. (Despite how horrible it is for editing.
The MPEGs I have are just direct conversions from the WMVs with a little bit of touch up so they look just a little bit cleaner. It's actually the /same/ quality, it's just a much larger file size and a different format so more people can view it, since everyone should be able to view MPEGs if nothing else.
And because several people have prejudices against WMVs, which I totally understand.