Edit: 5-21-07 Originally I read your post to mean a computer dvd player, but now I see you probably meant a stand alone player. The program below has a setting for DVD output, but I haven't tried it yet for DVD, so I don't know if it works.
Here's one I used to convert xvid encoded .avi to .mpg for the same reason. It only took 5 minutes for a 30 minute video conversion.
http://ivcsoft.free.fr/ 18MB
The site is in french and english so scroll down until you see the download at the bottom of the page. It's also at snapfiles for some screenshots and such.
This converts between Mpeg (vcd/svcd/dvd compliant), DV, Quicktime, Windows Media, Xvid, H264, 3GP, PSP, iPod, Flash video (FLV, Swf) got from Youtube, DailyMotion, Google Video etc. If it all works as good as the conversion I did this will be the Ifranview of video.
Jim