Hi Jjenson,
I don't compress, I just burn the stuff I want to DVD, but this guy ARkay seems really helpful. Look down at the bottom of the main forum page and you will see a whole raft of topics related to a compressing functiopn called "Crunchie". Look here
http://www.xpmediacentre.com.au/community/crunchie/
Second, I cannot imagine a program that removes commercials as you tape being successful. You would always run the risk of losing some of the actual program. I am old, so I still remember an old comic strip called "our boarding house". In this strip an old windbag called the Major invented a device to cut the comercials out of the big football game, but he talked so loud and long that the device failed to record any of his program.
Better to record the program and use VideoRedo or similar, to automatically detect the commercials, making them very easy to remove.
Can't help you with the third question.
Cheers,
King Hilary.