MOD video can be viewed on a computer with a player that is capable of reproducing MPEG-2 video. This video can be easily authored for watching on a DVD player without recompression, because it is fully compliant with DVD-video standard.
this format is free, which apparently is one of the reasons for its popularity. The used codecs supports variable bit rates (as a default), and .ogg files usually play back easily on all platforms. All things being equal, the sound quality exceeds that of mp3 somewhat.