We are three episodes into Contender Asia now. In the course of following it I am becoming more familiar with a video codec called DiVX with which I was previously only peripherally aware.
There seems to be a lot to be said for it. I have embedded the web player below. You will need approve the installation of some code if you want to use it. For some reason it doesn't seem to be working properly in IE. It is fine in Flock though and is perfectly usable full screen. XBOX 360 support should already be in place and PSP is promised.
See also http://www.stage6.com/user/lazy_m/video/2175101/The-Contender-Asia-Ep-3