Pen-Pen/AznRaver: Yeah, it's hard to tell if someone's 'done' with a video or not, so I put them in the W.I.P. folder until I hear otherwise. It's always possible that someone (Otohiko) will want to do a few remasters and little tweaks to enhance a video that very well could be considered complete already.
BTW - Pen-Pen, I just remembered that you owe me an op on "Flying Motionless Above the Waves". I think I'll let it slide, though, seeing as how you say you've been sucked into some big multi-editor project that really cut down on your reviewing time.
DownWithPants: If the Huffman works, great. I don't think anyone will detect any pitch difference from a slight pace-change of a song, so I'd suggest using a non-pitch-preserving method of slowing the piece to avoid all sorts of ugly fourier artifacts (the same things that cause the funny overtones on piano notes and cymbals in mp3 files).
Ooshna: I'd personally suggest editing in Huffman or a PNG sequence, depending on your tools and process. I'm quickly becoming a fan of the PNG sequence, because it allows for text-based editing of the microtiming and all sorts of single-frame painting control (great for remastering the DivX source I am myself stuck with using for time being), but the Huffman codec puts the whole thing in one easily managed file as opposed to several thousand, so each has its advantages. If you can't get your DVDs to rip directly into one of these lossless formats with the tools you have, make a REALLY high quality DivX and then convert it to a lossless codec before doing any edits, as most compositing situations (including fade transitions) and effects require not one but two or more re-encodings in a lot of video editors if you are editing using compressed media as source, and each re-encoding contributes to a cumulative loss of data like a video equivalent of radioactive decay.
If the project is really long, it'll be made into a set of files. Imagine trying to get the A&E production of "Pride and Prejudice" (or all three "Lord of the Rings" films, for those who aren't Jane Austin fans) on a single disc or tape - just wouldn't happen. Same thing with this - no single file larger than a CD will be created.