EViL DeaD, yeah baby.
Well, I use Gordian Knot available at
www.doom9.org, but I wouldn't call it EASY. Though it does a BEAUTIFUL job of turning my DVD's into CD size DivX AVI's. I only play with SVCD when I'm messing with my DVD episodes, as I don't like to put more than 45 minutes on a SVCD as the quality quickly goes downhill.
There's no direct link to GKnot as their site is a bit different, but go there and follow the following path: "GUIDES", "DIVX"...
umm, it's in there somewhere...and the site is down right now, so I can't get the exact path. But look around, you'll find two downloads for Gknot, one codec pack one program pack. Follow the guide to get started, hit the forum for troubleshooting. It's all freeware (cept the DivX pro, which is adware supported, but I find it worth it until you get the cash for the ad-free version which is only $20 right now).