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Best Video Format

I notice that there are at least the following Formats for full screen video files.  I have quite a few videos thats I want to convert to digital video on my computer and want the best full screen quality for the least amount of disk space.  I desire help in selecting the best one and the advantages of each.

Mpeg 1 and Mpeg 2
Mpeg 4  Codecs V1 and V2
Video CD  and Video CD rom
Indeo Video 5.06
Intel Indeo Video 4.4
Intel  .263 Video Driver 2.55.016
Microsoft Video 1
Cinepak Codec by Radius

Also are there others I haven't found?
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What is the difference between Mpeg4 V1 and V2?

How do I get true Mpeg4?
MPEG-4 v1 and v2 were Microsofts attempts at MPEG-4. Neither of which are standard, or especially good. As far as i know the only easily available ISO MPEG-4 encoder comes with QuickTime Pro 6. The decoder is included with QuickTime Player 6. Sorenson 3 is also included with QT Pro not to mention 50 some odd other codecs.
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Thanks
I have Quick time 5, but could never get very good results with the codecs they have.  Will try QT 6.  Do you know of any way to get codecs for mpeg 4 that will work in MGI Video Wave?
The codecs included with QT 5 and 6 are standard codecs. Theyre the same for every app that uses them. If MGI VW has the ability to recognize QT and its associated codecs, mpeg-4 should show up.