Brian23,
When I said "100% Quality" it refers to the smoothness/crispness slider bar (in the middle of the codec properties) which has values from 0 to 100. I call it the quality slider because in my opinion, more crisper images are better quality images. I have never had any issues with "loss of smoothness" at 100% crispness anyways.
Back to the main issue...
Only the DivX Low-motion codec will follow the bitrate you specify in the codec box. DivX high-motion does not follow the bitrate, it merely uses it as a cap. That's why if I set the bitrate to 1500, I get a file that actually only uses an average bitrate of 460kbits. If you do not believe me, I suggest you try it out yourself.
And remember I am referring to DivX FAST MOTION codec, not the low-motion codec, which is the more popular of the two.
What movie are you trying to backup anyways? If it's an action movie, it will most likely come out a lot bigger than a slow-motion drama like EWS.
But even then, it won't come out at 1500kbit/second. The Fast-motion codec is very conservative about bitrate. There was a message posted somewhere else where someone made a 1CD rip of HEAT (177 minutes movie) and he used the 6000 bitrate. But did the file end up using 6000bitrate? Nope... because he used FAST MOTION. Only the Low-motion codec tries to stick to the bitrate you specify. Fast motion has a mind of it's own.