Posted 05 November 2008 - 03:34 PM
I recommend Toast 9 over Popcorn 3 because the Toast is more capable and better updated to work with new systems and hardware.
The preset for either application for PSP is MPEG-4, 320x240, 29.97 fps video with 24 khz stereo MPEG 4 audio. Custom settings are also possible. My understanding is these specs are compatible with iPhone although at a lower resolution than what iPhone is capable of supporting so the picture will look less sharp.
As for dealing with long encoding time you should check into ElGato's Turbo.264 which works with either Popcorn 3 or Toast 9. It is a hardware h.264 MPEG-4 encoder than can speed up the process to nearly real time. However, I don't know if a PSP can play h.264 MPEG-4 video.
I'm just a fellow Toast-user so please don't blame Roxio for any misguidance I may provide. And do let me know if your issue gets solved. Cheers from Eugene, Oregon!