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There's not very much action or effects |
I'd say that 5.1 isn't really needed fi this is the case. If there's a decent enough mix choose 128 or 160 VBR, whichever you think is necessary.
I'd aim for 1cd, but it may be inevitable to make it a 2cd release, and in that case, I'd go for the 5.1. Director's Commentries are nice, but I'd leave them for people who really like the film (and hence buy the disc), unless the track is really exceptional

If you can afford the space, do it as a 92kb/s mp3 vbr and see if it will fit on the disc, otherwise, aim the avi at 700mb and leave the audio commentry for peeps with DVDr and a decent player as a seperate file.
This is why the compressability test is so important in gknot. Helps pin down exactly what you need.
Extras are a breeze with Gknot, just mux the track that corresponds to the extra, and then encode as you would a film.